Indiana Code 15-12-3-13. Title to inventory
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Terms Used In Indiana Code 15-12-3-13
- inventory: means farm or industrial machinery held by a retailer. See Indiana Code 15-12-3-5
- retailer: means a person engaged in the business of selling, at retail, farm or industrial machinery. See Indiana Code 15-12-3-8
Sec. 13. Upon the payment to the retailer of the repurchase price under section 12 of this chapter, the title to the inventory passes to the wholesaler, manufacturer, or distributor.
[Pre-2008 Recodification Citation: 15-7-7-13.]
As added by P.L.2-2008, SEC.3.