§ 24-4-20-1 — Definitions

Indiana § 24-4-20-1

• Jurisdiction: Indiana
• Art. 4: REGULATED BUSINESSES
• Ch. 20: Foreign Sellers of Precious Metals Bullion and

Text

The following definitions apply throughout this
chapter:
(1) "Currency" means a coin made of gold, silver, or other metal
or paper money that is or has been used as legal tender.
(2) "Foreign entity" means:
(A) if the person is a sole proprietor, an individual who does not
reside in Indiana; or
(B) if the person is not a sole proprietor, a person who is not
authorized under the laws of Indiana.
(3) "Person" means a sole proprietor, a partnership, a corporation,
a limited liability company, or other business entity.
(4) "Precious metals bullion" means bars, ingots, or
commemorative medallions of gold, silver, platinum, palladium,
or a combination of these materials for which the value of the
metal depends on its content and not its form.
(5) "Secretary" refers to the secretary of state.

Legislative History

As added by P.L.195-2016, SEC.2.