Indiana Code 24-4-17-4. “Commission”
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Terms Used In Indiana Code 24-4-17-4
- retail merchant: means a retail merchant making a retail transaction as described in Indiana Code 24-4-17-7
Sec. 4. As used in this chapter, “commission” means the fee that a consignor and a retail merchant have agreed that the retail merchant may retain after the sale of the consignor’s item to a third party. The term includes any form of compensation, including a percentage of the actual selling price of an item.
As added by P.L.85-2009, SEC.2.