Indiana Code 27-9-3.1-3. “Commodity contract”

Sec. 3. As used in this chapter, “commodity contract” means any of the following:

(1) A contract for the purchase or sale of a commodity:

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Contract: A legal written agreement that becomes binding when signed.
United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5

(A) for future delivery on; or

(B) subject to the rules of;

a board of trade or contract market under the federal Commodity Exchange Act (7 U.S.C. 1 et seq.) or a board of trade outside the United States.

(2) An agreement that is:

(A) subject to regulation under Section 19 of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and

(B) commonly known to the commodities trade as a margin account, margin contract, leverage account, or leverage contract.

(3) An agreement or transaction that is:

(A) subject to regulation under Section 4c(b) of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and

(B) commonly known to the commodities trade as a commodity option.

(4) A combination of the contracts, agreements, or transactions described in subdivisions (1) through (3).

(5) An option to enter into:

(A) a contract;

(B) an agreement;

(D) a combination of contracts, agreements, or transactions;

described in subdivisions (1) through (4).

As added by P.L.11-2011, SEC.36.