Indiana Code 15-12-3-9. “Retainage”
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Terms Used In Indiana Code 15-12-3-9
- retailer: means a person engaged in the business of selling, at retail, farm or industrial machinery. See Indiana Code 15-12-3-8
Sec. 9. As used in this chapter, “retainage” refers to various purchase, invoice, and other discounts held by the supplier and due the retailer at a later time.
[Pre-2008 Recodification Citation: 15-7-7-9.]
As added by P.L.2-2008, SEC.3.