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Indiana Code Title 23. Business and Other Associations § 23-2-2.5-23

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 23.  (a) Neither:

(1) the fact that a registration renewal form has been filed or a registration notification form has been submitted to the commissioner under section 10.5 of this chapter;  nor

(2) the fact that such registration has become effective;

constitutes a finding by the commissioner that any document filed under this chapter is true, complete, or not misleading. Neither any such fact nor the fact that an exemption is available for a transaction means that the commissioner has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person, franchise or transaction.

(b) A person may not make or cause to be made to any prospective purchaser or offeree any representation inconsistent with subsection (a).

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-2-2.5-23 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-2-2-5-23/

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