Indiana Code 4-13.6-1-17. “Retainage”
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Terms Used In Indiana Code 4-13.6-1-17
- Contract: A legal written agreement that becomes binding when signed.
Sec. 17. “Retainage” means any amount to be withheld from a payment to a contractor or subcontractor under the terms of a contract until the occurrence of a specified event.
As added by P.L.24-1985, SEC.7.