Section 80IAC3-1-1.1. Definitions

Latest version.

1. (a) "Property" has the meaning set forth in IC 15-1.5-1-10 [IC 15-1.5 was repealed by P.L.2-2008, SECTION 83, effective July 1, 2008.].

(b) "Worthless property" means an item considered to not have value or to be worthless property if the value of the property is less than the estimated costs of the sale and transportation of the property. (State Fair Commission; 80 IAC 3-1-1.1; filed Mar 18, 2008, 2:19 p.m.: 20080416-IR-080070587FRA; readopted filed Sep 18, 2013, 2:12 p.m.: 20131016-IR-080130242RFA)

                    
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