Indiana Code
Chapter 20. Foreign Sellers of Precious Metals Bullion and Currency
24-4-20-1. Definitions

Sec. 1. 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.
As added by P.L.195-2016, SEC.2.

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