Ind. Code ch. 24-4-2

in effect

Ind. Code § 24-4-2-1 Stamps; redeemable in lawful money

Sec. 1. No person shall sell or issue to any person in this state any stamps, trading stamps, cash discount stamps, checks, ticket, coupon, or other similar devise which will entitle the holder thereof, on presentation thereof, either singly or in definite number, or receive, either directly from the vendor or indirectly through any other person, money or goods, wares or merchandise, unless each of said stamps, trading stamps, cash discount stamps, checks, tickets, coupons, or other similar devices shall have legibly printed or written on the face thereof the redeemable value thereof in lawful money of the United States. Formerly: Acts 1913, c.299, s.1; Acts 1921, c.109, s.1.

Ind. Code § 24-4-2-2 Redemption in lawful money by seller or issuer; minimum redemption

Sec. 2. Any person who shall sell or issue to any person engaged in any trade, business, or profession, any stamp, trading stamp, cash discount stamp, check, ticket, coupon, or other similar device which will entitle the holder, on presentation, either singly or in definite number, to receive either directly from the vendor or indirectly through any other person, money, goods, wares, or merchandise, shall upon presentation redeem the same either in goods, wares, or merchandise, or in lawful money of the United States, at the option of the holder, at the value in lawful money printed on the face, if the same be presented for redemption in number or quantity aggregating in money value not less than five cents ($0.05) in each lot. Formerly: Acts 1913, c.299, s.2. As amended by P.L.137-2021, SEC.3.

Ind. Code § 24-4-2-3 Refusal to redeem

Sec. 3. Any person engaged in any trade, business, or profession who shall distribute, deliver, or present to any person dealing with him, in consideration of any article or thing purchased, any stamp, trading stamp, cash discount stamp, check, ticket, coupon, or other similar device which will entitle the holder thereof, on presentation thereof, either singly or in definite number, to receive either directly from the person issuing or selling the same, as set forth in section 2 of this chapter, or indirectly from any other person, shall, upon the refusal or failure of the said person issuing or selling same to redeem the same as set forth in said section 2 of this chapter, be liable to the holder thereof for the face value thereof, and shall, upon presentation of the same in lots of number aggregating, in money value, not less than five cents ($0.05) in each lot, redeem the same either in ware or merchandise or in lawful money of the United States, at the option of the holder thereof, at the value in lawful money printed on the face thereof. Formerly: Acts 1913, c.299, s.3. As amended by P.L.152-1986, SEC.48.

Ind. Code § 24-4-2-4 Redemption in money or merchandise; option of holder of stamps

Sec. 4. The redeemable value of such stamps, trading stamps, cash discount stamp, check, ticket, coupon or other similar device, printed or legibly written on the face of said stamp as provided in this section shall be the same, whether redeemed in merchandise or in lawful money of the United States, and the redemption of such stamps as described in this section shall be in lawful money of the United States or in merchandise of equal value thereto, at the option of the holder of said stamps. Formerly: Acts 1913, c.299, s.4. As amended by P.L.136-2018, SEC.139.

Ind. Code § 24-4-2-5 Giving stamps; consent of person or firm issuing stamp

Sec. 5. No person, firm, limited liability company, or corporation shall give or deliver, as an inducement for or in connection with the sale of merchandise, any coupon, check, ticket, stamp, token, or similar device redeemable in money or in merchandise, as in this chapter provided, by any other person, firm, limited liability company, or corporation without the consent of the person, firm, or corporation originally issuing the same and responsible for the redemption thereof. Formerly: Acts 1913, c.299, s.5. As amended by P.L.152-1986, SEC.49; P.L.8-1993, SEC.345.

Ind. Code § 24-4-2-6 Violation

Sec. 6. A person who violates this chapter commits a Class C infraction. Formerly: Acts 1913, c.299, s.6. As amended by Acts 1978, P.L.2, SEC.2410.

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