Indiana Code 24-4-17-1. Application
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Sec. 1. (a) Except as provided in subsections (b) through (d), this chapter applies to an item delivered to a retail merchant after June 30, 2009.
(c) This chapter does not apply to an item offered at auction, or held by an auctioneer before or after being offered at auction.
(b) This chapter does not apply to an item that has a value less than fifty dollars ($50).
Terms Used In Indiana Code 24-4-17-1
- retail merchant: means a retail merchant making a retail transaction as described in Indiana Code 24-4-17-7
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
(d) If a provision of this chapter conflicts with the Uniform Commercial Code (IC 26-1), the Uniform Commercial Code controls with respect to that provision.
As added by P.L.85-2009, SEC.2.