§ 23-2-2.5-10.5 — Registration of franchise; notification form

Indiana § 23-2-2.5-10.5

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2: SECURITIES AND FRANCHISES
• Ch. 2.5: Franchises

Text

5. (a) A person who wants to offer for sale
a franchise in Indiana and who is not exempt under sections 3 through
5 of this chapter shall register the franchise by notification to the
commissioner on a notification form prescribed by the commissioner.
The notification shall include the following:
(1) The name of the franchisor.
(2) The name or names under which the franchisor intends to do
business.
(3) The franchisor's principal business address.
(b) The following items shall be filed with the notification:
(1) One (1) copy of the disclosure statement required under
section 13 of this chapter.
(2) The consent to service of process required under section 24 of
this chapter, unless consent has previously been filed by the
person.
(3) The registration fee required under section 43 of this chapter.
(c) A franchisor may register only one (1) franchise for each
notification.
(d) The registration of a franchise under this section is effective
upon the commissioner's receipt of the notification. The notification is
effective for one (1) year from the date of the commissioner's receipt
of the notification.
(e) Except as provided in section 13.1 of this chapter, during the one
(1) year registration period, a person is not required to file with the
commissioner any supplemental information, including any
amendments to the disclosure statement, unless the commissioner,
acting under the commissioner's authority to suspend or revoke a
registration under section 14 of this chapter, requests the information.

Legislative History

As added by P.L.168-2001, SEC.2. Amended by P.L.152-2020, SEC.2.