Indiana § 24-4-2-2 - Redemption in lawful money by seller or issuer; minimum redemption
Full text of Indiana Indiana Code § 24-4-2-2 — Redemption in lawful money by seller or issuer; minimum redemption, with citation guidance and answers to common questions.
§ 24-4-2-2. Redemption in lawful money by seller or issuer; minimum redemption
Sec. 2. Any person who shall sell or issue to any person engaged in any trade, business, or profession, any stamp, trading stamp, cash discount stamp, check, ticket, coupon, or other similar device which will entitle the holder, on presentation, either singly or in definite number, to receive either directly from the vendor or indirectly through any other person, money, goods, wares, or merchandise, shall upon presentation redeem the same either in goods, wares, or merchandise, or in lawful money of the United States, at the option of the holder, at the value in lawful money printed on the face, if the same be presented for redemption in number or quantity aggregating in money value not less than five cents ($0.05) in each lot.
Formerly: Acts 1913, c.299, s.2. As amended by P.L.137-2021, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 24-4-2-2
What does Indiana Code § 24-4-2-2 cover?
Section 24-4-2-2 ("Redemption in lawful money by seller or issuer; minimum redemption") 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 § 24-4-2-2?
A common citation format is "Indiana Code § 24-4-2-2" (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 § 24-4-2-2 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.