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.
Structure Indiana Code
Chapter 0.5. Deceptive Consumer Sales
24-5-0.5-0.1. Application of Certain Amendments to Chapter
24-5-0.5-1. Construction and Purposes
24-5-0.5-5. Limitation of Actions
24-5-0.5-6. Application of Law
24-5-0.5-7. Assurances of Voluntary Compliance
24-5-0.5-8. Incurable Deceptive Act; Civil Penalty
24-5-0.5-9. Cooperative Purchase Supplier Contracts; Maximum Duration; Civil Penalty
24-5-0.5-10. Suppliers; Deceptive and Unconscionable Acts