Indiana Code 15-12-3-12. Repurchase price; packaging
(1) one hundred percent (100%) of the net cost of all new, unsold, undamaged, and complete farm or industrial machinery (except repair parts); plus
Terms Used In Indiana Code 15-12-3-12
- current net price: means :
Indiana Code 15-12-3-3
- farm or industrial machinery: means any of the following:
Indiana Code 15-12-3-4
- net cost: means :
Indiana Code 15-12-3-6
- retailer: means a person engaged in the business of selling, at retail, farm or industrial machinery. See Indiana Code 15-12-3-8
(b) Except as provided in subsection (c), a wholesaler, manufacturer, or distributor that is required to repurchase farm or industrial machinery from a retailer under this chapter shall pay freight charges incurred in shipping the farm or industrial machinery (except repair parts) back to the wholesaler, manufacturer, or distributor.
(c) A retailer shall pay freight charges incurred in shipping repair parts that are repurchased under this chapter back to the wholesaler, manufacturer, or distributor.
(d) A retailer is responsible for the packaging of all farm or industrial machinery that is repurchased from the retailer under this chapter in preparation for the shipment of the machinery back to the wholesaler, manufacturer, or distributor.
[Pre-2008 Recodification Citation: 15-7-7-12.]
As added by P.L.2-2008, SEC.3.