Indiana Code Title 15. Agriculture and Animals § 15-12-3-15
Current as of June 08, 2021 | Updated by FindLaw Staff
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Sec. 15. A wholesaler, manufacturer, or distributor that fails or refuses to repurchase inventory as required under this chapter within ninety (90) days after the termination of a contract is liable in a civil action to the retailer for:
(1) one hundred percent (100%) of the current net price of repair parts;
(2) one hundred percent (100%) of the net cost of all other inventory;
(3) the retailer's reasonable attorney's fees;
(4) court costs; and
(5) interest on the amounts determined under subdivisions (1) through (2), computed at a simple interest rate that is set by the court at not less than six percent (6%) per year and not more than ten percent (10%) per year, and beginning to accrue on the sixty-first day after the termination of the contract.
Cite this article: FindLaw.com - Indiana Code Title 15. Agriculture and Animals § 15-12-3-15 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-15-agriculture-and-animals/in-code-sect-15-12-3-15.html
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