Sec. 11.5. "Flat price contract" means a contract that sets a fixed price for a specific delivery requirement, where the price is determined by adding the basis to the futures price of the same commodity, which is set before the futures contract expires.
Ind. Code § 26-4-1-11.5
"Flat price contract"
As added by P.L.114-2025, SEC.51.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.