Indiana § 24-13-1-9 "Pyramid promotional scheme"

Indiana Statutes

§ 24-13-1-9 — "Pyramid promotional scheme"

Indiana·Art. 13 PYRAMID PROMOTIONAL SCHEMES·Ch. 1 Definitions

"Pyramid promotional scheme" means any plan
or operation by which a person gives consideration for the opportunity
to receive compensation that is derived primarily from the introduction
of other persons into the plan or operation rather than from the sale and
consumption of goods, services, or intangible property by a participant
or other persons introduced into the plan or operation. The term
includes any plan or operation under which the number of people who
may participate is limited either expressly or by the application of
conditions affecting the eligibility of a person to receive compensation
under the plan or operation, or any plan or operation under which a
person, on giving any consideration, obtains any goods, services, or
intangible property in addition to the right to receive

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"Pyramid promotional scheme" means any plan
or operation by which a person gives consideration for the opportunity
to receive compensation that is derived primarily from the introduction
of other persons into the plan or operation rather than from the sale and
consumption of goods, services, or intangible property by a participant
or other persons introduced into the plan or operation. The term
includes any plan or operation under which the number of people who
may participate is limited either expressly or by the application of
conditions affecting the eligibility of a person to receive compensation
under the plan or operation, or any plan or operation under which a
person, on giving any consideration, obtains any goods, services, or
intangible property in addition to the right to receive compensation.

Indiana § 24-13-1-9 ("Pyramid promotional scheme") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.