Indiana § 24-4-20-1 - Definitions
Full text of Indiana Indiana Code § 24-4-20-1 — Definitions, with citation guidance and answers to common questions.
§ 24-4-20-1. Definitions
Sec. 1. The following definitions apply throughout this chapter:
(1) "Currency" means a coin made of gold, silver, or other metal or paper money that is or has been used as legal tender.
(2) "Foreign entity" means:
(A) if the person is a sole proprietor, an individual who does not reside in Indiana; or
(B) if the person is not a sole proprietor, a person who is not authorized under the laws of Indiana.
(3) "Person" means a sole proprietor, a partnership, a corporation, a limited liability company, or other business entity.
(4) "Precious metals bullion" means bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or a combination of these materials for which the value of the metal depends on its content and not its form.
(5) "Secretary" refers to the secretary of state.
As added by P.L.195-2016, SEC.2.
Frequently Asked Questions About Indiana § 24-4-20-1
What does Indiana Code § 24-4-20-1 cover?
Section 24-4-20-1 ("Definitions") 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 § 24-4-20-1?
A common citation format is "Indiana Code § 24-4-20-1" (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 § 24-4-20-1 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.