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2019 Indiana Code
Title 24. Trade Regulation
Article 5. Consumer Sales
Chapter 0.5. Deceptive Consumer Sales
24-5-0.5-9. Cooperative purchase supplier contracts; maximum duration; civil penalty
Universal Citation: IN Code § 24-5-0.5-9 (2019)
IC 24-5-0.5-9 Cooperative purchase supplier contracts; maximum duration; civil penalty
Sec. 9. A supplier which is organized primarily to provide benefits to persons from the cooperative purchase of the subject of a consumer transaction shall not offer a contract for that purpose that is to be effective for more than five (5) years. A supplier that violates this section is subject to a civil penalty of a fine of not more than five hundred dollars ($500) for each violation. The attorney general, acting in the name of the state, has the exclusive right to petition for recovery of such a fine, and this fine may be recovered only in an action brought under section 4(c) of this chapter.
As added by Acts 1978, P.L.127, SEC.6. Amended by Acts 1982, P.L.152, SEC.6.
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