As used in this chapter, "commodity contract" means any of the following:

1. (1) A contract for the purchase or sale of a commodity:

   1. (A) for future delivery on; or

   2. (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. (2) An agreement that is:

   1. (A) subject to regulation under Section 19 of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and
   2. (B) commonly known to the commodities trade as a margin account, margin contract, leverage account, or leverage contract.

3. (3) An agreement or transaction that is:

   1. (A) subject to regulation under Section 4c(b) of the federal Commodity Exchange Act (7 U.S.C. 1 et seq.); and
   2. (B) commonly known to the commodities trade as a commodity option.
4. (4) A combination of the contracts, agreements, or transactions described in subdivisions (1) through (3).

5. (5) An option to enter into:

   1. (A) a contract;
   2. (B) an agreement;
   3. (C) a transaction; or

   4. (D) a combination of contracts, agreements, or transactions;

      described in subdivisions (1) through (4).

As added by P.L.11-2011, SEC.36.