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Indiana Code Title 23. Business and Other Associations § 23-2-6-4

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

Sec. 4. As used in this chapter, “commodity” means, except as otherwise specified by a rule, regulation, or order of the commissioner, any of the following:

(1) An agricultural, a grain, or a livestock product or byproduct.

(2) A metal or mineral, including a precious metal.

(3) A gem or gemstone, whether the gem or gemstone is characterized as precious, semiprecious, or another characterization.

(4) A fuel (whether liquid, gaseous, or otherwise).

(5) Foreign currency.

(6) All other goods, articles, products, or items of any kind, except the following:

(A) A numismatic coin whose fair market value is at least fifteen percent (15%) higher than the fair market value of the metal contained in the coin.

(B) Real property.

(C) Any timber, agricultural, or livestock product that is grown or raised on real property and that is offered or sold by the owner or lessee of the real property.

(D) A work of art that is offered or sold by art dealers, offered or sold at a public auction, or offered or sold through a private sale by the owner of the work of art.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-2-6-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-2-6-4/

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