(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) Resident and nonresident patrons of commercial fishing lakes or pay- to-fish commercial businesses are exempt from the requirement to purchase an individual annual license; provided, the commercial fishing lake or pay-to- fish commercial business has a valid aquaculture permit or registration issued by the Department of Natural Resources.