{"data":{"id":"us-in/ic-24-4-12-4","jurisdiction":"us-in","citation":"IC 24-4-12-4","heading":"\"New and unused property\" defined","body":"Sec. 4. As used in this chapter, \"new and unused property\" means tangible personal property that:\n(1) was acquired by an unused property merchant directly from the producer, manufacturer, wholesaler, or retailer in the ordinary course of business; and\n(2) has not been used since its production or manufacture or that is in its original and unopened package or container, if the personal property was packaged when originally produced or manufactured.","path":["TITLE 24. TRADE REGULATION","ARTICLE 4. REGULATED BUSINESSES","Chapter 12. Unused Property Market Regulation"],"source_url":"https://iga.in.gov/ic/2026/Title_24.html#24-4-12-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-04T18:50:41Z","sha256":"627e3bd4ee5e916cf3f47421cffadb415e13e4fc0ac5a53f7394ab601610f0c6","source_id":"us-in","stale":false,"prev":"us-in/ic-24-4-12-3","next":"us-in/ic-24-4-12-5"},"notice":"GroundRules: Original legal text. Not legal advice."}