Indiana Code 15-15-7-4. “Production contract”
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Sec. 4. As used in this chapter, “production contract” refers to any of the following:
(2) A contract to grow seed for research purposes.
(1) A contract to grow seed for demonstration purposes.
Terms Used In Indiana Code 15-15-7-4
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- seed: refers to agricultural seed (as defined in IC 15-15-1-2) or vegetable seed (as defined in IC 15-15-1-24) used to grow a commercial agricultural or a commercial vegetable crop. See Indiana Code 15-15-7-5
- seed supplier: refers to a person engaged in commercial production or supply of either of the following:
Indiana Code 15-15-7-7
(3) A contract to grow seed under which the seed supplier:
(A) retains title to the crop or a product from the crop; or
(B) has the right or obligation to purchase, receive, or direct the disposition of the crop or a product from the crop.
(4) A contract to grow seed in connection with an identity preserved crop program.
[Pre-2008 Recodification Citation: 15-4-13-4.]
As added by P.L.2-2008, SEC.6.