Indiana Code 30-2-9-6. Liquidated damages
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Terms Used In Indiana Code 30-2-9-6
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Sec. 6. It shall be unlawful for any such agreement or agreements to provide for forfeiture and retention of payments upon any such agreement or series of agreements as and for liquidated damages for default of the agreement or series of agreements in excess of ten percent (10%) of the payments made or thirty-five dollars ($35), whichever sum is larger.
Formerly: Acts 1963, c.303, s.6. As amended by P.L.136-2018, SEC.222.