Indiana § 24-13-5-1 Circumstances under which this article may not be construed to
prohibit a plan or operation as a pyramid promotional scheme

Indiana Statutes

§ 24-13-5-1 — Circumstances under which this article may not be construed to prohibit a plan or operation as a pyramid promotional scheme

Indiana·Art. 13 PYRAMID PROMOTIONAL SCHEMES·Ch. 5 Rule of Construction and its Application to Certain

This article may not be construed to prohibit a plan or operation, or to define a plan or operation as a pyramid promotional scheme, based on the fact that participants in the plan or operation give consideration in return for the right to receive compensation based upon purchases of goods, services, or intangible property by participants for personal use, consumption, or resale if both of the following conditions are satisfied:

(1)The plan or operation does not promote or induce inventory loading.

(2)The plan or operation implements an appropriate inventory repurchase program.

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This article may not be construed to prohibit
a plan or operation, or to define a plan or operation as a pyramid
promotional scheme, based on the fact that participants in the plan or
operation give consideration in return for the right to receive
compensation based upon purchases of goods, services, or intangible
property by participants for personal use, consumption, or resale if both
of the following conditions are satisfied:
(1) The plan or operation does not promote or induce inventory
loading.
(2) The plan or operation implements an appropriate inventory
repurchase program.

Indiana § 24-13-5-1 (Circumstances under which this article may not be construed to prohibit a plan or operation as a pyramid promotional scheme) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.