§ 23-19-4-7 — Succession; organization change; name change; change of control

(a) A broker-dealer or investment adviser may
succeed to the current registration of another broker-dealer or
investment adviser or a notice filing of a federal covered investment
adviser, and a federal covered investment adviser may succeed to the
current registration of an investment adviser or notice filing of another
federal covered investment adviser, by filing as a successor an
application for registration under section 1 or 3 of this chapter or a
notice under section 5 of this chapter for the unexpired portion of the
current registration or notice filing.
(b) A broker-dealer or investment adviser that changes its form of
organization or state of incorporation or organization may continue its
registration by filing an amendment to its registration if the change
does not involve a material change in its financial condition or
management. The amendment becomes effective when filed or on a
date designated by the registrant in its filing. The new organization is
a successor to the original registrant for the purposes of this article. If
there is a material change in financial condition or management, the
broker-dealer or investment adviser shall file a new application for
registration. A predecessor registered under this article shall stop
conducting its securities business other than winding down transactions
and shall file for withdrawal of broker-dealer or investment adviser
registration within forty-five (45) days after filing its amendment to
effect succession.
(c) A broker-dealer or investment adviser that changes its name may
continue its registration by filing an amendment to its registration. The
amendment becomes effective when filed or on a date designated by
the registrant.
(d) A change of control of a broker-dealer or investment adviser
may be made in accordance with a rule adopted or order issued under
this article.

Legislative History

As added by P.L.27-2007, SEC.23.