Indiana Code 15-15-5-27. Settlement recommendation; acceptance or rejection of recommendation
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Terms Used In Indiana Code 15-15-5-27
- buyer: means a buyer of:
Indiana Code 15-15-5-5
- commissioner: refers to the state seed commissioner. See Indiana Code 15-15-5-6
- council: refers to the Indiana seed arbitration council established by section 9 of this chapter. See Indiana Code 15-15-5-7
- seller: refers to a seller of:
Indiana Code 15-15-5-8
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Sec. 27. The buyer and seller shall each give written notice to the commissioner of the acceptance or rejection of the council‘s recommended terms of settlement not later than thirty (30) days after the date of the council’s recommendation.
[Pre-2008 Recodification Citation: 15-4-11-22.5.]
As added by P.L.2-2008, SEC.6.