# Ind. Code § 28-7-5-9: License not transferrable or assignable; branch locations

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-9

## Section

- **Citation:** Ind. Code § 28-7-5-9
- **Heading:** License not transferrable or assignable; branch locations
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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.

## Nearby sections

- [Ind. Code § 28-7-5-1 Citation](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-1.md)
- [Ind. Code § 28-7-5-2 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-2.md)
- [Ind. Code § 28-7-5-3 Necessity of license; misleading representations; territorial application](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-3.md)
- [Ind. Code § 28-7-5-4 Application for license; business locations; criminal history; evidence of compliance; criminal background checks and credit histories](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-4.md)
- [Ind. Code § 28-7-5-5 Initial and renewal applications; fees; financial statement; proof of bond and insurance; standards; tax warrant list](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-5.md)
- [Ind. Code § 28-7-5-5.5 Surety bond; requirements; amount; termination; liability; notices](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-5.5.md)
- [Ind. Code § 28-7-5-6 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-6.md)
- [Ind. Code § 28-7-5-7 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-7.md)
- [Ind. Code § 28-7-5-8 Issuance and duration of license; evidence of compliance; denial of application; person not qualifying for license; replacement of manager](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-8.md)
- [Ind. Code § 28-7-5-9 License not transferrable or assignable; branch locations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-9.md)
- [Ind. Code § 28-7-5-9.1 Change in control of licensee; application to department; time frame for department's decision; conditions for approval; duty of licensee to report transfer of securities; director's discretion to require new license](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-9.1.md)
- [Ind. Code § 28-7-5-10 Closing, opening, or relocating a branch; changes and events concerning licensees or applicants; notice to department required](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-10.md)
- [Ind. Code § 28-7-5-10.1 Ceasing business as a pawnbroker; requirements; appointment of liquidating agent; two month redemption period; partial payments by pledgers](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-10.1.md)
- [Ind. Code § 28-7-5-10.4 Carrying on other business](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-10.4.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C5_S28-7-5-9. Check the current official text before relying on it. Not legal advice.