"Basis"

Ind. Code § 26-4-1-3.5
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 3.5. "Basis" means the difference between the flat price contract and a specified futures price of the same or a related commodity. As added by P.L.114-2025, SEC.44.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/26Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements