Sec. 10. As used in this chapter, “commodity option” means an account, an agreement, or a contract giving a party to the account, agreement, or contract the right but not the obligation to purchase or sell:

(1) at least one (1) commodity; or

Terms Used In Indiana Code 23-2-6-10

  • commodity: means , except as otherwise specified by a rule, regulation, or order of the commissioner, any of the following:

    Indiana Code 23-2-6-4

  • commodity contract: means an account, an agreement, or a contract that:

    Indiana Code 23-2-6-6

  • Contract: A legal written agreement that becomes binding when signed.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • offer: means an offer to sell, offer to purchase, or offer to enter into a commodity contract or commodity option. See Indiana Code 23-2-6-13
(2) at least one (1) commodity contract;

whether characterized as an option, privilege, indemnity, bid, offer, put, call, advance guaranty, decline guaranty, or otherwise. However, the term does not include an option traded on a national securities exchange that is registered with the Securities and Exchange Commission.

As added by P.L.177-1991, SEC.10.

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