(A) Children under sixteen years of age are not required to procure or possess a hunting or fishing license or any other permit or license required for hunting or fishing unless that child engages in the taking of wildlife or fish for commercial purposes.
(B) No person is required to possess a fishing license if fishing in a private pond. However, if the pond is used for commercial purposes, it is not considered a private pond.
(C) Commercial fishing lake operators or pay-to-fish commercial businesses may purchase an annual license for two hundred dollars. Resident and nonresident patrons of these establishments are exempt from the requirement to purchase an individual annual license.