Ind. Code ch. 24-4-20

in effect

Ind. Code § 24-4-20-1 Definitions

Sec. 1. The following definitions apply throughout this chapter: (1) "Currency" means a coin made of gold, silver, or other metal or paper money that is or has been used as legal tender. (2) "Foreign entity" means: (A) if the person is a sole proprietor, an individual who does not reside in Indiana; or (B) if the person is not a sole proprietor, a person who is not authorized under the laws of Indiana. (3) "Person" means a sole proprietor, a partnership, a corporation, a limited liability company, or other business entity. (4) "Precious metals bullion" means bars, ingots, or commemorative medallions of gold, silver, platinum, palladium, or a combination of these materials for which the value of the metal depends on its content and not its form. (5) "Secretary" refers to the secretary of state. As added by P.L.195-2016, SEC.2.

Ind. Code § 24-4-20-2 Temporary registration issuance

Sec. 2. The secretary may issue a temporary registration in accordance with this chapter to a foreign entity that: (1) wishes to sell precious metals bullion or currency at a trade fair or coin show in Indiana; (2) is not otherwise lawfully authorized to conduct business in Indiana; and (3) complies with requirements of this chapter. As added by P.L.195-2016, SEC.2.

Ind. Code § 24-4-20-3 Temporary registration expiration

Sec. 3. A temporary registration issued under this chapter expires not later than twenty-eight (28) days after the date on which the temporary registration is issued. As added by P.L.195-2016, SEC.2. Amended by P.L.85-2017, SEC.92.

Ind. Code § 24-4-20-4 Requirements for a temporary registration

Sec. 4. A foreign entity that wishes to obtain a temporary registration to sell precious metals bullion or currency at a trade fair or coin show in Indiana under this chapter must do the following: (1) Submit an application to the secretary in the form and the manner prescribed by the secretary. (2) Pay a fee of thirty-five dollars ($35) to the secretary. As added by P.L.195-2016, SEC.2.

Ind. Code § 24-4-20-5 Contract requirements

Sec. 5. A foreign entity registered under this chapter is entitled to sell precious metals bullion and currency at a trade fair or coin show in Indiana during the term of the temporary registration if the contract: (1) is for the purchase of precious metals bullion or currency; (2) requires physical delivery of the quantity of the precious metals bullion or currency purchased not later than twenty-eight (28) calendar days after payment in full of the purchase price; and (3) provides for the purchaser to receive physical delivery of the quantity of precious metals bullion or currency purchased not later than twenty-eight (28) calendar days after payment in full of the purchase price. As added by P.L.195-2016, SEC.2. Amended by P.L.85-2017, SEC.93.

Ind. Code § 24-4-20-6 Foreign entity requirements

Sec. 6. A foreign entity may not sell precious metals bullion or currency at a trade fair or coin show in Indiana unless the foreign entity: (1) registers with the secretary of state under this chapter; or (2) is otherwise authorized to conduct business in Indiana. As added by P.L.195-2016, SEC.2.

Ind. Code § 24-4-20-7 Fees

Sec. 7. Fees collected under this chapter shall be deposited in the electronic and enhanced access fund established by IC 4-5-10-5. As added by P.L.195-2016, SEC.2.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/24Fetched: 10/17/2026