As used in this chapter:
(1)"Agreement" means the bargain of the parties in fact, as found
in their language or inferred from other circumstances and from
rules, regulations, and procedures given the effect of agreements
under laws otherwise applicable to a particular transaction.
(2)"Automated transaction" means a transaction conducted or
performed, in whole or in part, by electronic means or electronic
records in which the acts or records of one (1) or both parties are
not reviewed by an individual in the ordinary course in forming
a contract, performing under an existing contract, or fulfilling an
obligation required by the transaction.
(3)"Business entity" means a corporation, nonprofit corporation,
limited liability company, limited liability partnership, limited
partnership, busin
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As used in this chapter:
(1) "Agreement" means the bargain of the parties in fact, as found
in their language or inferred from other circumstances and from
rules, regulations, and procedures given the effect of agreements
under laws otherwise applicable to a particular transaction.
(2) "Automated transaction" means a transaction conducted or
performed, in whole or in part, by electronic means or electronic
records in which the acts or records of one (1) or both parties are
not reviewed by an individual in the ordinary course in forming
a contract, performing under an existing contract, or fulfilling an
obligation required by the transaction.
(3) "Business entity" means a corporation, nonprofit corporation,
limited liability company, limited liability partnership, limited
partnership, business trust, real estate investment trust, or any
other entity that is formed under the requirements of applicable
Indiana law.
(4) "Computer program" means a set of statements or instructions
to be used directly or indirectly in an information processing
system in order to bring about a certain result.
(5) "Constituent" means a person who holds a position defined in
the business entity's organic law that permits the person, directly
or indirectly, to own, manage, or operate a business entity either
alone or with others. The term includes officers, directors,
shareholders, members, managers, general partners, limited
partners, partners, and persons occupying a similar status or
performing similar functions for a business entity.
(6) "Contract" means the total legal obligation resulting from the
parties' agreement as affected by this chapter and other applicable
law.
(7) "Electronic" means relating to technology having electrical,
digital, magnetic, wireless, optical, electromagnetic, or similar
capabilities.
(8) "Electronic agent" means a computer program or an electronic
or other automated means used to initiate an action or respond to
electronic records or performances in whole or in part without
review by an individual at the time of the action or response.
(9) "Electronic record" means a record created, generated, sent,
communicated, received, or stored by electronic means.
(10) "Electronic signature" means an electronic sound, symbol, or
process attached to or logically associated with an electronic
record and executed or adopted by a person with the intent to sign
the electronic record.
(11) "Governing documents" means the publicly filed and
nonpublicly filed organic documents of a business entity.
(12) "Governmental agency" means an executive, legislative, or
judicial agency, department, board, commission, authority,
institution, instrumentality, or other political subdivision of the
state.
(13) "Information" means data, text, images, sounds, codes,
computer programs, software, databases, or the like.
(14) "Information processing system" means an electronic system
for creating, generating, sending, receiving, storing, displaying,
or processing information.
(15) "Organic actions" means actions, notices, consents, and
signatures relating to the operation of a business entity that are
undertaken among constituents of that business entity or among
constituents of a business entity and that business entity. The term
does not include the service of process or the service of a
summons, subpoena, or other service contemplated by rules or
statutes governing trial procedure, civil procedure, or comparable
provisions.
(16) "Person" means an individual, corporation, business trust,
estate, trust, partnership, limited liability company, association,
joint venture, governmental agency, public corporation, or any
other legal or commercial entity.
(17) "Record" means information that is inscribed on a tangible
medium or that is stored in an electronic or other medium and is
retrievable in perceivable form. The term includes records
transmitted in the course of organic actions.
(18) "Security procedure" means a procedure employed for the
purpose of verifying that an electronic signature, record, or
performance is that of a specific person or for detecting changes
or errors in the information in an electronic record. The term
includes a procedure that requires the use of algorithms or other
codes, identifying words or numbers, encryption, or callback or
other acknowledgment procedures.
(19) "Transaction" means an action or set of actions relating to the
conduct of business, commercial, or governmental affairs and
occurring between two (2) or more persons. The term includes an
organic action.