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28-8-4-15. Payment instrument

IN Code § 28-8-4-15 (2019) (N/A)
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Sec. 15. (a) As used in this chapter, "payment instrument" means:

(1) a check;

(2) a draft;

(3) a money order;

(4) a traveler's check;

(5) a stored value card, other than a closed system stored value card; or

(6) an instrument or written order for the transmission or payment of money;

sold or issued to one (1) or more persons, whether such instrument is negotiable.

(b) As used in this chapter, "payment instrument" does not include:

(1) a credit card voucher;

(2) a letter of credit;

(3) an instrument that is redeemable by the issuer in goods or services; or

(4) a closed system stored value card.

As added by P.L.42-1993, SEC.85. Amended by P.L.10-2006, SEC.53 and P.L.57-2006, SEC.53.

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