Sec. 17. Except as provided in sections 18 and 19 of this chapter, a person may not:

(1) sell, purchase, or offer to sell or purchase a commodity under any commodity contract or under any commodity option; or

Terms Used In Indiana Code 23-2-6-17

  • 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

  • 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:

    Indiana Code 23-2-6-10

  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • person: means an individual, a corporation, a partnership, a limited liability company, an association, a joint-stock company, a trust where the interests of the beneficiaries are evidenced by a security, an unincorporated organization, a government, or a political subdivision of a government. See Indiana Code 23-2-6-14
(2) offer to enter into as seller or purchaser any commodity contract or any commodity option.

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