Section 27-9-3.1-3 - "Commodity contract" As used in this chapter, "commodity contract" means any of the following:
(1) A contract for the purchase or sale of a commodity:(A) for future delivery on; or(B) subject to the rules of; a board of trade or contract market under the federal Commodity Exchange Act (7 U.S.C. 1 et seq.) or a board of trade outside the United States.
(2) An agreement that is: (A) subject to regulation under Section 19 of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and(B) commonly known to the commodities trade as a margin account, margin contract, leverage account, or leverage contract.(3) An agreement or transaction that is: (A) subject to regulation under Section 4c(b) of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and(B) commonly known to the commodities trade as a commodity option.(4) A combination of the contracts, agreements, or transactions described in subdivisions (1) through (3).(5) An option to enter into: (D) a combination of contracts, agreements, or transactions; described in subdivisions (1) through (4).
Added by P.L. 11-2011, SEC. 36, eff. 7/1/2011.