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Indiana Code Title 23. Business and Other Associations § 23-2-6-23

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 23. (a) A person may not engage in the commodities trade or business or otherwise act as a commodity merchant unless the person:

(1) is registered or temporarily licensed with the Commodity Futures Trading Commission for each activity causing the person to be considered a commodity merchant and the registration or temporary license has not expired or been revoked or suspended;  or

(2) is exempt from registration with the Commodity Futures Trading Commission under:

(A) the Commodity Exchange Act;  or

(B) a CFTC rule.

(b) A board of trade may not trade or provide a place for the trading of any commodity contract or commodity option if the commodity contract or commodity option must be traded on a contract market or commodity market designated by the Commodity Futures Trading Commission or is subject to the rules of a contract market or commodity market designated by the Commodity Futures Trading Commission, unless:

(1) the board of trade has been designated for the commodity contract or commodity option by the Commodity Futures Trading Commission;  and

(2) the designation has not been vacated, suspended, or revoked.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-2-6-23 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-2-6-23/

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