Indiana Code 23-2-6-11. “Commodity sales representative” defined
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Sec. 11. As used in this chapter, “commodity sales representative” means a person who:
(2) is authorized to take those actions by the commodity broker-dealer.
(1) is acting for a commodity broker-dealer in executing or attempting to execute a transaction in a commodity contract or a commodity option; and
Terms Used In Indiana Code 23-2-6-11
- commodity: means , except as otherwise specified by a rule, regulation, or order of the commissioner, any of the following:
Indiana Code 23-2-6-4
- commodity broker-dealer: means a person engaged in the business of executing transactions in commodity contracts or commodity options for:
Indiana Code 23-2-6-5
- commodity option: means an account, an agreement, or a contract giving a party to the account, agreement, or contract the right but not the obligation to purchase or sell:
Indiana Code 23-2-6-10
- Contract: A legal written agreement that becomes binding when signed.
- person: means an individual, a corporation, a partnership, a limited liability company, an association, a joint-stock company, a trust where the interests of the beneficiaries are evidenced by a security, an unincorporated organization, a government, or a political subdivision of a government. See Indiana Code 23-2-6-14
As added by P.L.177-1991, SEC.10. Amended by P.L.1-1992, SEC.115.