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9-32-2-9.9. "Dealer owner"

IN Code § 9-32-2-9.9 (2019) (N/A)
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Sec. 9.9. "Dealer owner" means the following:

(1) For a licensed or applicant dealer, other than a manufacturer, the following:

(A) If a corporation, each officer, director, and shareholder having a ten percent (10%) or greater ownership interest in the corporation.

(B) If a corporation and it has no officer, director, or shareholder having a ten percent (10%) or greater ownership interest in the corporation, one (1) or more officers, directors, or shareholders designated in writing by the board of directors.

(C) If a sole proprietorship, the proprietor.

(D) If a partnership, each partner.

(E) If a limited liability company, each member of the company.

(2) For a licensed or applicant manufacturer, one (1) or more officers, directors, or shareholders designated in writing by the manufacturer.

(3) For a business entity, the following:

(A) If a corporation, one (1) or more officers, directors, or shareholders designated in writing by the board of directors.

(B) If a limited liability company, one (1) or more members of the company designated in writing by all members.

(C) If a partnership, each partner.

(D) If a sole proprietorship, the proprietor.

As added by P.L.179-2017, SEC.33. Amended by P.L.284-2019, SEC.7.

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