Sec. 9. Whenever a disposing agent purchases new property with a condition that property of a similar nature is to be traded in or exchanged as part of the purchase and in reduction of the purchase price, the exchange or trade-in may be made without compliance with section 7 of this chapter but must comply with section 16 of this chapter.

[Pre-Local Government Recodification Citation: 18-4-5-6 part.]

As added by Acts 1981, P.L.57, SEC.37. Amended by P.L.60-1988, SEC.30.