License not transferrable or assignable; branch locations
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Indiana Code › Title 28 › Article 7 › Chapter 5 › Section 28-7-5-9
Text
Sec. 9. (a) As used in this section, "branch location" means a location that:
(1) is maintained by a person licensed or required to be licensed under this chapter;
(2) is located somewhere other than the person's main office location; and
(3) does not constitute a separate legal entity from, or a subsidiary of, the person.
(b) Except in a transaction approved under section 9.1 of this chapter, a license is not transferable or assignable. Subject to section 10 of this chapter, one (1) or more branch locations may be maintained under the same license.
Formerly: Acts 1935, c.195, s.9. As amended by P.L.263-1985, SEC.187; P.L.14-1992, SEC.137; P.L.45-1995, SEC.25; P.L.89-2011, SEC.51; P.L.186-2015, SEC.41.
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