Indiana Code 24-4-20-1. Definitions
Current as of: 2024 | Check for updates
|
Other versions
Sec. 1. The following definitions apply throughout this chapter:
(2) “Foreign entity” means:
(1) “Currency” means a coin made of gold, silver, or other metal or paper money that is or has been used as legal tender.
Terms Used In Indiana Code 24-4-20-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(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.