Sec. 11. A seller may not require an initial cash payment that exceeds twenty percent (20%) of the initial payment.
As added by P.L.134-1984, SEC.1.
Structure Indiana Code
Chapter 8. Business Opportunity Transactions
24-5-8-1.5. Substantial Sellers; Application of Certain Sections
24-5-8-2. Disclosure Document; Cover Sheet; Contents
24-5-8-3. Surety Bonds; Requirements; Waiver
24-5-8-4. Requirements Before Advertising; Amendment of Filings; Renewal Fee; Record of Filings
24-5-8-5. Representations of Business Opportunity; Copy to Investor, Contents
24-5-8-7. Books, Records, and Accounts; Documents
24-5-8-8. Validity of Waiver of Provisions by Investor
24-5-8-9. Attempts to Have Investor Waive Rights
24-5-8-10. Cutting Off Right or Defense of Investor Against Seller
24-5-8-11. Initial Cash Payment
24-5-8-13. Reference to Compliance With Chapter in Advertisement
24-5-8-14. Use of Commercial Symbols
24-5-8-15. Cancellation of Contract for Seller's Failure to Comply
24-5-8-19. Failure to Comply; Penalty