Indiana § 23-5-2-7 - Settlement of disputes
Full text of Indiana Indiana Code § 23-5-2-7 — Settlement of disputes, with citation guidance and answers to common questions.
§ 23-5-2-7. Settlement of disputes
Sec. 7. Every such corporation may adopt rules, by-laws and regulations relating to the arbitration and settlement of business controversies and misunderstanding between its members, and may appoint, annually, or oftener, committees to whom such disputes may be referred for settlement, and all arbitrations and settlements thus made, and the awards of such committees shall be final and binding upon the parties only who may have signed a written agreement to abide by such awards, and such corporation may expel any of its members for violations of its regulations, or for dishonorable transactions in business.
Formerly: Acts 1875, c.5, s.7.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-5-2-7
What does Indiana Code § 23-5-2-7 cover?
Section 23-5-2-7 ("Settlement of disputes") 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 § 23-5-2-7?
A common citation format is "Indiana Code § 23-5-2-7" (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 § 23-5-2-7 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.