Indiana. Statutory Language

Indiana Statute 17-33

INDIANA STATUTE

PROVISIONS REGARDING COMBINATIONS IN RESTRAINT OF TRADE

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24-1-1-1

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24-1-4-5

Chapter 1: Contracts to Prevent Competition

§ 24-1-1-1. Contracts against public policy; null and void contracts

From and after April 14, 1897, all arrangements, contracts, agreements, trusts or

combinations between persons or corporations who control the output of any article of

merchandise, made with a view to lessen, or which tend to lessen, full and free

competition in the importation or sale of articles imported into this state, and all

arrangements, contracts, agreements, trusts or combinations between persons or

corporations who control the output of said article of merchandise, designed, or which

tend to advance, reduce or control the price or the cost to the producer or to the

consumer of any such product or article, are hereby declared to be against public

policy, unlawful and void.

§ 24-1-1-2. Violations of chapter; domestic corporations; forfeiture of

charter and franchise; foreign corporations; prohibition

Any corporation, chartered under the laws of this state, which shall violate any of

the provisions of this chapter shall thereby forfeit its charter and its franchise, and its

corporate existence shall thereupon cease and determine. Every foreign corporation

which shall violate any of the provisions of this chapter is hereby denied the right to do

and is prohibited from doing business in this state. It is hereby made the duty of the

attorney general of the state to enforce this section by due process of law.

§ 24-1-1-3. Offense

A person who knowingly violates this chapter commits a Class C felony.

§ 24-1-1-4. Persons affected by chapter; exception

The persons designed by this chapter to be affected by this chapter are those who

own, control, or manufacture the output of any particular article of merchandise

mentioned in this chapter; provided, however, that the provisions of this chapter shall

not apply to agricultural products or livestock while in the possession of the producer

or raiser.