Ind. Code § 15-12-3-1

Current through P.L. 171-2024

Section 15-12-3-1 - Application of chapter

(a) This chapter applies to the following:

(1) Contracts that may be terminated or altered at will.

(2) Contracts formed or renewed after June 30, 1989.

(b) This chapter may not be construed to impair the obligation of a contract in violation of Article 1, Section 24 of the Constitution of the State of Indiana.

(c) This chapter does not affect a security interest that a wholesaler, manufacturer, or distributor may have in a retailer's inventory.

IC 15-12-3-1

Pre-2008 Recodification Citations: subsection (a) formerly 15-7-7-1(a); subsection (b) formerly 15-7-7-1(b); subsection (c) formerly 15-7-7-18.

As added by P.L. 2-2008, SEC.3.