Indiana Code 24-5-27.5-21. Prohibition against assigning or requiring the assignment of a firearms code
Current as of: 2024 | Check for updates
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Sec. 21. In a payment card transaction, a merchant acquirer or payment card network may not:
(2) require the assignment of;
(1) assign; or
Terms Used In Indiana Code 24-5-27.5-21
- firearms code: means a merchant category code approved by the International Organization for Standardization specifically for firearms retailers. See Indiana Code 24-5-27.5-9
- firearms retailer: means any person that:
Indiana Code 24-5-27.5-10
- merchant acquirer: means a person that establishes a relationship with a merchant to enable the processing of payment card transactions by collecting funds from the payment card issuer in the transaction and depositing them in the merchant's account. See Indiana Code 24-5-27.5-13
- payment card: means :
Indiana Code 24-5-27.5-14
- payment card network: means an entity that directly, or through licensed members, processors, or agents, provides the proprietary services, infrastructure, and software that:
Indiana Code 24-5-27.5-16
a firearms code in a way that distinguishes a firearms retailer with at least one (1) physical location in Indiana from general merchandise retailers or sporting goods retailers.
As added by P.L.132-2024, SEC.4.