Indiana Code 5-17-1-4. Delivery of original purchase order or lease; filing copies
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Sec. 4. Within thirty (30) days after the acceptance of any bid, offer, proposal, estimate, or contract for purchase of materials, equipment, goods, and supplies, or lease of equipment, the purchaser or purchasers shall:
(2) retain a copy for his own records; and
(1) deliver in person or mail to the seller or lessor the original of each purchase order or lease;
Terms Used In Indiana Code 5-17-1-4
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- purchaser: as used in this chapter includes persons who make leases for equipment. See Indiana Code 5-17-1-1
(3) when any purchase or lease is made for the state or any agency or instrumentality thereof, file a copy of the purchase order or lease with the disbursing officer for the unit.
Formerly: Acts 1945, c.99, s.4. As amended by Acts 1977, P.L.61, SEC.4; Acts 1980, P.L.74, SEC.13; Acts 1981, P.L.57, SEC.16; P.L.53-1986, SEC.2.