Sec. 1. For purposes of this chapter:
(1) “jewelry” means personal ornaments made of precious metals that may or may not contain precious, semiprecious, or imitation stones;
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Terms Used In Indiana Code 24-4-13-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(3) “jeweler” means a person engaged in the purchase and resale of jewelry;
(4) “person” means an individual, a firm, an association, a limited liability company, a partnership, a joint stock association, a trust, or a corporation; and
(5) “seller” means a consumer or other person who sells used jewelry to a jeweler.
As added by P.L.97-2003, SEC.1.
