Indiana Code 25-37.5-1-10. Commercial transactions of valuable metal
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Sec. 10. Sections 8 and 9 of this chapter do not apply to commercial transactions between two (2) or more of the following:
(A) an automotive salvage rebuilder;
(1) An entity licensed by the secretary of state under IC 9-32-9 as:
Terms Used In Indiana Code 25-37.5-1-10
- automotive salvage rebuilder: has the meaning set forth in IC 9-13-2-9. See Indiana Code 25-37.5-1-0.1
- disposal facility: has the meaning set forth for "recycling facility" in Indiana Code 25-37.5-1-0.4
- used parts dealer: has the meaning set forth in IC 9-13-2-195. See Indiana Code 25-37.5-1-0.8
- valuable metal: means any product made of metal that readily may be resold. See Indiana Code 25-37.5-1-1
(B) a disposal facility; or
(C) a used parts dealer.
(2) A valuable metal dealer.
(3) An automobile scrapyard (as defined by IC 9-13-2-8).
(4) A scrap metal processor (as defined by IC 9-13-2-162).
As added by P.L.224-2013, SEC.12. Amended by P.L.149-2016, SEC.77.