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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 3. As used in this chapter, “commodity contract” means any of the following:
(1) A contract for the purchase or sale of a commodity:
(A) for future delivery on; or
(B) subject to the rules of;
a board of trade or contract market under the federal Commodity Exchange Act (7 U.S.C. 1 et seq.) or a board of trade outside the United States.
(2) An agreement that is:
(A) subject to regulation under Section 19 of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and
(B) commonly known to the commodities trade as a margin account, margin contract, leverage account, or leverage contract.
(3) An agreement or transaction that is:
(A) subject to regulation under Section 4c(b) of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and
(B) commonly known to the commodities trade as a commodity option.
(4) A combination of the contracts, agreements, or transactions described in subdivisions (1) through (3).
(5) An option to enter into:
(A) a contract;
(B) an agreement;
(C) a transaction; or
(D) a combination of contracts, agreements, or transactions;
described in subdivisions (1) through (4).
Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-9-3.1-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-9-3-1-3/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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