§ 23-2-6-4 — "Commodity" defined

Indiana § 23-2-6-4

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2: SECURITIES AND FRANCHISES
• Ch. 6: Indiana Commodity Code

Text

As used in this chapter, "commodity" means,
except as otherwise specified by a rule, regulation, or order of the
commissioner, any of the following:
(1) An agricultural, a grain, or a livestock product or byproduct.
(2) A metal or mineral, including a precious metal.
(3) A gem or gemstone, whether the gem or gemstone is
characterized as precious, semiprecious, or another
characterization.
(4) A fuel (whether liquid, gaseous, or otherwise).
(5) Foreign currency.
(6) All other goods, articles, products, or items of any kind, except
the following:
(A) A numismatic coin whose fair market value is at least
fifteen percent (15%) higher than the fair market value of the
metal contained in the coin.
(B) Real property.
(C) Any timber, agricultural, or livestock product that is grown
or raised on real property and that is offered or sold by the
owner or lessee of the real property.
(D) A work of art that is offered or sold by art dealers, offered
or sold at a public auction, or offered or sold through a private
sale by the owner of the work of art.

Legislative History

As added by P.L.177-1991, SEC.10.