68 Ind. Admin. Code 1-1-13

Current through November 6, 2024

Section 68 IAC 1-1-13 - "Cash equivalent" defined

Authority: IC 4-33-4; IC 4-35-4

Affected: IC 4-33; IC 4-35

Sec. 13.

"Cash equivalent" means an asset that is readily convertible to cash, including the following:

(1) Traveler's checks.

(2) Certified checks, cashier's checks, and money orders.

(3) Personal checks.

(4) Credit extended by the casino licensee or by a recognized credit card company.

(5) Any other instrument that the commission deems a cash equivalent.

Other than recognized credit cards or credit extended by the casino licensee, all instruments that constitute a cash equivalent must be made payable to the casino licensee, bearer, or cash. If an instrument is made payable to a third party, it shall not be deemed a cash equivalent.

68 IAC 1-1-13

Indiana Gaming Commission; 68 IAC 1-1-17; filed Nov 10, 1994, 11:00 a.m.: 18 IR 471; readopted filed Oct 15, 2001, 4:34 p.m.: 25 IR 898; readopted filed Sep 14, 2007, 1:40 p.m.: 20071003-IR-068070354RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA; readopted filed November 26, 2013, 3:58 p.m.: 20131225-IR-068130354RFA

Readopted filed 9/4/2019, 10:57 a.m.: 20191002-IR-068190384RFA