Indiana Code 24-4-19-6. “Precious metal”
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Sec. 6. (a) As used in this chapter, “precious metal” means:
(2) other used articles of personal property that:
(1) used jewelry; and
Terms Used In Indiana Code 24-4-19-6
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- jewelry: means personal ornaments made of gold, silver, or platinum that may or may not contain precious, semiprecious, or imitation stones. See Indiana Code 24-4-19-2
(A) are made of gold, silver, or platinum; and
(B) were previously purchased at retail, acquired by gift, or obtained in some other fashion by a consumer.
(b) The term does not include:
(1) mint issued coins;
(2) ingots; or
(3) industrial residue or byproducts that contain gold, silver, or platinum purchased from manufacturing firms.
As added by P.L.222-2013, SEC.3.