Indiana Code 28-8-4-14. Outstanding payment instrument

Note: This version of section effective until 1-1-2024. See also following repeal of this chapter, effective 1-1-2024.

Sec. 14. As used in this chapter, “outstanding payment instrument” means a payment instrument issued by the licensee that:

authorized delegate: means an entity designated by a licensee to:
Indiana Code 28-8-4-3
licensee: means a person licensed under this chapter. See Indiana Code 28-8-4-11
payment instrument: means :
Indiana Code 28-8-4-15
United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5

(1) has been sold in the United States;

(2) has been sold:

(A) by the licensee; or

(B) by an authorized delegate of the licensee and has been reported to the licensee as having been sold; and

(3) has not been paid by or on behalf of the licensee.

As added by P.L.42-1993, SEC.85.