Indiana Statutes
§ 24-8-2-8 — "Verifiable retail value" defined
"Verifiable retail value" means:
(1)a price at which a promoter or sponsor can demonstrate that
a substantial number of prizes have been sold at retail by a person
other than the promoter or sponsor; or
(2)if substantiation described in this section is not available to a
promoter or sponsor, no more than one and one-half (1.5) times
the amount a promoter or sponsor paid for a prize.
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Legislative History
As added by P.L.233-1989, SEC.1.
Nearby Sections
15
§ 24-1-1-3
Offense§ 24-1-1-4
Persons affected by chapter; exception§ 24-1-1-5
Civil suit for damages§ 24-1-1-6
Special grand jury instructions§ 24-1-2-10
Person; definition§ 24-1-2-2
Monopoly; offense