Indiana § 24-13-5-1 - Circumstances under which this article may not be construed to prohibit a plan or operation as a pyramid promotional scheme
Full text of Indiana Indiana Code § 24-13-5-1 — Circumstances under which this article may not be construed to prohibit a plan or operation as a pyramid promotional scheme, with citation guidance and answers to common questions.
§ 24-13-5-1. Circumstances under which this article may not be construed to prohibit a plan or operation as a pyramid promotional scheme
Sec. 1. This article may not be construed to prohibit a plan or operation, or to define a plan or operation as a pyramid promotional scheme, based on the fact that participants in the plan or operation give consideration in return for the right to receive compensation based upon purchases of goods, services, or intangible property by participants for personal use, consumption, or resale if both of the following conditions are satisfied:
(1) The plan or operation does not promote or induce inventory loading.
(2) The plan or operation implements an appropriate inventory repurchase program.
As added by P.L.105-2017, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 24-13-5-1
What does Indiana Code § 24-13-5-1 cover?
Section 24-13-5-1 ("Circumstances under which this article may not be construed to prohibit a plan or operation as a pyramid promotional scheme") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 24-13-5-1?
A common citation format is "Indiana Code § 24-13-5-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 24-13-5-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.