Terms Used In Indiana Code > Title 24 > Article 4 > Chapter 19 - Precious Metal Dealers

• 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.
• jewelry: means personal ornaments made of gold, silver, or platinum that may or may not contain precious, semiprecious, or imitation stones. See Indiana Code 24-4-19-2
• mint issued coin: means a coin that:

  Indiana Code 24-4-19-3

• 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.
• permanent place of business: means a fixed premises:

  Indiana Code 24-4-19-4

• person: means an individual, a firm, an association, a limited liability company, a partnership, a joint stock association, a trust, or a corporation. See Indiana Code 24-4-19-5
• precious metal: means :

  Indiana Code 24-4-19-6

• precious metal dealer: means a person who engages in the business of purchasing precious metal for the purpose of reselling the precious metal in any form. See Indiana Code 24-4-19-7
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• purchase: means to acquire property in exchange for cash, credit, or other valuable consideration. See Indiana Code 24-4-19-8
• seller: means a consumer or other person who sells precious metal to a precious metal dealer. See Indiana Code 24-4-19-9
• Sheriff: means the sheriff of the county or another person authorized to perform sheriff's duties. See Indiana Code 1-1-4-5