Sec. 27. (a) “Sale of personal data” means the exchange of personal data for monetary consideration by a controller to a third party.

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Terms Used In Indiana Code 24-15-2-27

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
     (b) The term does not include:

(1) the disclosure of personal data to a processor that processes the personal data on behalf of the controller;

(2) the disclosure of personal data to a third party for purposes of providing a product or service requested by:

(A) the consumer; or

(B) the parent of a child;

to whom the personal data pertains;

(3) the disclosure or transfer of personal data to an affiliate of the controller;

(4) the disclosure of information that the consumer:

(A) intentionally made available to the general public via a channel of mass media; and

(B) did not restrict to a specific audience; or

(5) the disclosure or transfer of personal data to a third party as an asset that is part of a proposed or actual merger, acquisition, bankruptcy, or other transaction in which the third party assumes control of all or part of the controller’s assets.

As added by P.L.94-2023, SEC.1.

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