24-13-1-6. “Inventory”
Sec. 6. “Inventory” includes both goods and services, including company produced promotional materials, sales aids, and sales kits that an entity requires independent salespersons to purchase. As added by P.L.105-2017, SEC.3.
24-13-5-5. Burden of Proof
Sec. 5. Notwithstanding section 1 of this chapter, the burden of showing that a participant or other person derives compensation primarily from the sale and consumption of goods, services, or intangible property lies with the plan or operation or a person involved with the plan or operation. As added by P.L.105-2017, SEC.3.
24-13-1-7. “Inventory Loading”
Sec. 7. “Inventory loading” means the requirement or encouragement by a plan or operation that its independent salesperson purchase inventory in an amount that exceeds the amount that the salesperson can expect to resell for ultimate consumption or to consume in a reasonable time period, or both. As added by P.L.105-2017, SEC.3.
24-13-1-8. “Promote”
Sec. 8. “Promote” means to contrive, prepare, establish, plan, operate, advertise, or otherwise induce or attempt to induce another person to participate in a pyramid promotional scheme. As added by P.L.105-2017, SEC.3.
24-13-1-9. “Pyramid Promotional Scheme”
Sec. 9. “Pyramid promotional scheme” means any plan or operation by which a person gives consideration for the opportunity to receive compensation that is derived primarily from the introduction of other persons into the plan or operation rather than from the sale and consumption of goods, services, or intangible property by a participant or other […]
24-13-2-1. Pyramid Promotional Scheme Prohibited
Sec. 1. A person may not establish, promote, or operate any pyramid promotional scheme. A limitation as to the number of persons who may participate or the presence of additional conditions affecting eligibility for the opportunity to receive compensation under the plan does not change the identity of the plan as a pyramid promotional scheme. […]
24-13-3-1. Attorney General Authorized to Issue Cease and Desist Orders, Bring Court Actions, and Impose Civil Penalties
Sec. 1. (a) If the attorney general has reasonable cause to believe that a person has engaged or is about to engage in any act or practice constituting a violation of any provision of this article, or any order issued under this article, the attorney general may do any of the following: (1) Issue a […]
24-13-3-2. Requests for Hearing on Cease and Desist Order; Circuit Court Review
Sec. 2. (a) A person named in a cease and desist order issued under this article must be notified of the person’s right to file, within fifteen (15) days after the receipt of the order, a written notice for a hearing. If the attorney general does not receive a written request for a hearing within […]
24-13-3-3. Powers of the Circuit Court
Sec. 3. (a) Upon a proper showing to the appropriate circuit court, a permanent injunction, temporary injunction, restraining order, or writ of mandamus may be granted and a receiver or conservator may be appointed for the person alleged to have violated this article or the assets of the person alleged to have violated this article. […]
24-13-3-4. Authorization of Other Enforcement Actions by the Attorney General or a Prosecuting Attorney
Sec. 4. This chapter does not bar the attorney general or a prosecuting attorney from proceeding under any other provision of law against a pyramid promotional scheme or any person involved with a pyramid promotional scheme. As added by P.L.105-2017, SEC.3.