CHAPTER 2. TRADE STAMPS
IC 24-4-2
Chapter 2. Trade Stamps
IC 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.)
IC 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 thereof, on presentation thereof, 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 thereof, at the value in lawful
money printed on the face thereof: Provided, That the same be
presented for redemption in number or quantity aggregating in
money value not less than five cents (5 cents) in each lot.
(Formerly: Acts 1913, c.299, s.2.)
IC 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.
IC 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 herein provided shall
be the same, whether redeemed in merchandise or in lawful money
of the United States, and the redemption of such stamps as
hereinabove mentioned 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.)
IC 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.
IC 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.