Terms Used In Indiana Code 26-3-7-28

  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
   Sec. 28. A licensee shall keep in a place of safety complete and correct records and accounts pertaining to the licensee’s grain business. The licensee shall retain records and accounts for not less than six (6) years from the date of the final settlement of the transaction.

Formerly: Acts 1973, P.L.268, SEC.1; Acts 1974, P.L.120, SEC.14. As amended by P.L.125-1997, SEC.49.