Void instruments
Applied in 2 court decisions — leading case Caesars Riverboat Casino, LLC v. Kephart (2010)
Most recently applied in Caesars Riverboat Casino, LLC v. Kephart (September 2010)
As added by P.L.1-1998, SEC.11.
Sec. 1. A note, bill, bond, conveyance, contract, mortgage, or other security made in consideration of:
(1) money or other property won as the result of a wager; or
(2) the repayment of money lent at the time of a wager for the purpose of being wagered;
is void.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.