Indiana § 24-4-20-1 Definitions

Indiana Statutes

§ 24-4-20-1 — Definitions

Indiana·Art. 4 REGULATED BUSINESSES·Ch. 20 Foreign Sellers of Precious Metals Bullion and

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.

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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.

Indiana § 24-4-20-1 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.