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Terms Used In Indiana Code 4-30-12-1

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
   Sec. 1. A person who is less than eighteen (18) years of age may not purchase a lottery ticket. However, this does not prohibit the purchase of a lottery ticket for the purpose of making a gift to a minor.

As added by P.L.341-1989(ss), SEC.1.