CHAPTER 2. DEFINITIONS

IC 24-8-2
    Chapter 2. Definitions

IC 24-8-2-1
Applicability
    Sec. 1. The definitions in this chapter apply throughout thisarticle.
As added by P.L.233-1989, SEC.1.

IC 24-8-2-2
"Person" defined
    Sec. 2. "Person" means an individual, corporation, the state or itssubdivisions or agencies, business trust, estate, trust, partnership,association, cooperative, or any other legal entity.
As added by P.L.233-1989, SEC.1.

IC 24-8-2-3
"Prize" defined
    Sec. 3. "Prize" means a gift, award, or other item distributed in apromotion.
As added by P.L.233-1989, SEC.1.

IC 24-8-2-4
"Promoter" defined
    Sec. 4. "Promoter" means a person conducting a promotion.
As added by P.L.233-1989, SEC.1.

IC 24-8-2-5
"Promotion" defined
    Sec. 5. "Promotion" means a written notice offering:
        (1) property; or
        (2) a chance to obtain property;
to a person based on a representation that the person has beenawarded or may have been awarded a prize.
As added by P.L.233-1989, SEC.1.

IC 24-8-2-6
"Property" defined
    Sec. 6. "Property" has the meaning set forth in IC 35-41-1-23.
As added by P.L.233-1989, SEC.1.

IC 24-8-2-7
"Sponsor" defined
    Sec. 7. "Sponsor" means a person on whose behalf a promotion isconducted to promote or advertise goods, services, or property of thatperson.
As added by P.L.233-1989, SEC.1.

IC 24-8-2-8
"Verifiable retail value" defined    Sec. 8. "Verifiable retail value" means:
        (1) a price at which a promoter or sponsor can demonstrate thata substantial number of prizes have been sold at retail by aperson other than the promoter or sponsor; or
        (2) if substantiation described in this section is not available toa promoter or sponsor, no more than one and one-half (1.5)times the amount a promoter or sponsor paid for a prize.
As added by P.L.233-1989, SEC.1.