Sec. 7. (a) Every seller shall keep and maintain a complete set of books, records, and accounts of business opportunity transactions made by the seller.

contract signature

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Terms Used In Indiana Code 24-5-8-7

  • Business opportunity: means an investment that:

    Indiana Code 24-5-8-1

  • Contract: A legal written agreement that becomes binding when signed.
  • Contract: means any agreement relating to a business opportunity. See Indiana Code 24-5-8-1
  • Seller: means a person, or his agent, who sells or leases or offers to sell or lease a business opportunity. See Indiana Code 24-5-8-1
     (b) The seller shall keep all documents relating to each contract entered into by the seller for four (4) years after the date of the contract.

As added by P.L.134-1984, SEC.1.

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