Sec. 2. The following definitions apply throughout this chapter:

(1) “Ammunition” has the meaning set forth in IC 35-47-1-2.5.

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Terms Used In Indiana Code 34-12-3.5-2

  • 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.
(2) “Firearm” has the meaning set forth in 18 U.S.C. § 921(a)(3).

(3) “Political subdivision” has the meaning set forth in IC 34-6-2-110.

(4) “Trade association” means a corporation, unincorporated association, federation, business league, professional organization, or business organization that meets all of the following requirements:

(A) The entity is not organized or operated for profit.

(B) No part of the net earnings of the entity inures to the benefit of a private shareholder or individual.

(C) The entity is an organization:

(i) described in 26 U.S.C. § 501(c)(6); and

(ii) exempt from taxation under 26 U.S.C. § 501(a).

(D) Two (2) or more members of the entity are manufacturers or dealers in firearms or ammunition.

As added by P.L.170-2024, SEC.2.

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