Ind. Code § 5-27-2-1 Application
Sec. 1. The definitions in this chapter apply throughout this article.
As added by P.L.114-2002, SEC.1.
Ind. Code ch. 5-27-2
Ind. Code ch. 5-27-2
in effectInd. Code § 5-27-2-1.1 "Administrative branch governmental body"
Sec. 1.1. (a) "Administrative branch governmental body" means an agency, a board, a commission, a department, a bureau, or another entity of the administrative branch of state government. The term includes a body corporate and politic of the state created by state statute.
(b) The term does not include the following:
(1) A state elected official's office.
(2) A state educational institution (as defined in IC 21-7-13-32).
(3) The judicial or legislative department of state government.
As added by P.L.21-2024, SEC.1.
Ind. Code § 5-27-2-1.7 "Central bank digital currency"
Sec. 1.7. "Central bank digital currency" means a digital:
(1) medium of exchange;
(2) unit of account; or
(3) store of value;
that is currently issued or adopted, or that may be issued or adopted, by the United States Federal Reserve System, the United States government, a foreign government, a foreign reserve system, or a foreign sanctioned central bank and that is made directly available to consumers by the issuing or adopting entity. The term includes any digital medium of exchange, digital unit of account, or digital store of value that is processed or validated directly by the issuing or adopting entity.
As added by P.L.21-2024, SEC.2.
Ind. Code § 5-27-2-2 "Contract"
Sec. 2. "Contract" means the total legal obligation resulting from the parties' agreement as affected by this chapter and other applicable law.
As added by P.L.114-2002, SEC.1.
Ind. Code § 5-27-2-3 "Electronic payment"
Sec. 3. "Electronic payment" means a payment by means of:
(1) a credit card;
(2) a debit card;
(3) a charge card;
(4) a stored value card;
(5) a bank card;
(6) an electronic check; or
(7) an electronic funds transfer, including but not limited to:
(A) Fed wire; and
(B) Automated Clearing House.
As added by P.L.114-2002, SEC.1.
Ind. Code § 5-27-2-4 "Governmental body"
Sec. 4. "Governmental body" means the state or a state agency.
As added by P.L.114-2002, SEC.1.
Ind. Code § 5-27-2-5 "Provider company"
Sec. 5. "Provider company" means an individual, a corporation, a limited liability company, a partnership, a joint stock company, a business trust, a voting trust, a joint venture, an association, or a similar organization that provides a system allowing electronic payments.
As added by P.L.114-2002, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026