IC 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.