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Terms Used In Indiana Code 32-32-2-11

  • 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.
   Sec. 11. “Offer” means any advertised inducement, solicitation, or attempt to encourage any person to acquire a time share or camping club membership other than as security for an obligation.

[Pre-2002 Recodification Citation: 24-5-9-10.]

As added by P.L.2-2002, SEC.17.