Indiana § 15-15-12-8 - "First purchaser"
Full text of Indiana Indiana Code § 15-15-12-8 — "First purchaser", with citation guidance and answers to common questions.
§ 15-15-12-8. "First purchaser"
Sec. 8. (a) As used in this chapter, "first purchaser" means a person who is engaged in Indiana in the business of buying corn from producers. The term refers to a person buying or acquiring corn from:
(1) the producer of the corn; or
(2) the Commodity Credit Corporation, if the corn is pledged as collateral for a loan issued under a price support loan program administered by the Commodity Credit Corporation.
(b) The term does not include a buyer of corn who buys less than one hundred thousand (100,000) bushels of corn annually for the buyer's own use as seed or feed.
[Pre-2008 Recodification Citation: 15-4-10-6.]
As added by P.L.2-2008, SEC.6.
Frequently Asked Questions About Indiana § 15-15-12-8
What does Indiana Code § 15-15-12-8 cover?
Section 15-15-12-8 (""First purchaser"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 15-15-12-8?
A common citation format is "Indiana Code § 15-15-12-8" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 15-15-12-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.