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§ 24-13-5-1 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 24 - Trade Regulation/
  5. Article 13 - Pyramid Promotional Schemes/
  6. Chapter 5 - Rule of Construction and Its Application to Certain Marketing Operations24-13-5-2. Required Disclosures About Appropriate Inventory Repurchase Programs/
  7. § 24-13-5-1
Indiana Legal Code

§ 24-13-5-1

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This article may not be construed to prohibit a plan or operation, or to define a plan or operation as a pyramid promotional scheme, based on the fact that participants in the plan or operation give consideration in return for the right to receive compensation based upon purchases of goods, services, or intangible property by participants for personal use, consumption, or resale if both of the following conditions are satisfied:(1) The plan or operation does not promote or induce inventory loading.(2) The plan or operation implements an appropriate inventory repurchase program.As added by P.L.105-2017, SEC.3.