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2018 Indiana Code
TITLE 30. Trusts and Fiduciaries
ARTICLE 2. GENERAL PROVISIONS
CHAPTER 9. Prepaid Funeral Plans and Funeral Trust Funds Established Before 1982
30-2-9-6. Liquidated damages
Universal Citation: IN Code § 30-2-9-6 (2018)
IC 30-2-9-6 Liquidated damages
Sec. 6. It shall be unlawful for any such agreement or agreements to provide for forfeiture and retention of payments upon any such agreement or series of agreements as and for liquidated damages for default of the agreement or series of agreements in excess of ten percent (10%) of the payments made or thirty-five dollars ($35), whichever sum is larger.
Formerly: Acts 1963, c.303, s.6. As amended by P.L.136-2018, SEC.222.
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