Indiana Code 15-12-1-44. Breach of marketing contract; penalty; injunction
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Sec. 44. A person or corporation whose officers or employees knowingly induce or attempt to induce any member or stockholder of an association:
(2) organized under any agricultural cooperative law of any other state of the United States and admitted to do business in Indiana;
(1) organized under this chapter; or
Terms Used In Indiana Code 15-12-1-44
- association: means any corporation organized under or governed by this chapter. See Indiana Code 15-12-1-4
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- member: means the following:
Indiana Code 15-12-1-5
- person: includes the following:
Indiana Code 15-12-1-6
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
to breach the member’s or stockholder’s marketing contract with the association is liable to the aggrieved association in a civil suit in the penal sum of one hundred dollars ($100) for each offense. In addition, the person or corporation shall pay to the association reasonable attorney‘s fees and all costs involved in the litigation or proceedings at law.
[Pre-2008 Recodification Citation: 15-7-1-24.]
As added by P.L.2-2008, SEC.3.