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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 12. “Dealer owner” means the following:
(1) For a transport operator, a licensed dealer, or an 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.
Cite this article: FindLaw.com - Indiana Code Title 9. Motor Vehicles § 9-32-2.1-12 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-9-motor-vehicles/in-code-sect-9-32-2-1-12/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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