Indiana Code 24-5-8-7. Books, records, and accounts; documents
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Sec. 7. (a) Every seller shall keep and maintain a complete set of books, records, and accounts of business opportunity transactions made by the seller.
(b) The seller shall keep all documents relating to each contract entered into by the seller for four (4) years after the date of the contract.
As added by P.L.134-1984, SEC.1.
Terms Used In Indiana Code 24-5-8-7
- Business opportunity: means an investment that:
Indiana Code 24-5-8-1
- Contract: means any agreement relating to a business opportunity. See Indiana Code 24-5-8-1
- Contract: A legal written agreement that becomes binding when signed.
- Seller: means a person, or his agent, who sells or leases or offers to sell or lease a business opportunity. See Indiana Code 24-5-8-1