Ind. Code § 9-32-2.1-25
"Fraud"
Sec. 25. "Fraud" means:
(1) a misrepresentation of a material fact, promise, representation, or prediction not made honestly or in good faith; or
(2) the failure to disclose a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading.
As added by P.L.104-2024, SEC.31.