Indiana § 23-2-2.5-47 Construction and purpose of chapter

Indiana Statutes

§ 23-2-2.5-47 — Construction and purpose of chapter

Indiana § 23-2-2.5-47

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 2SECURITIES AND FRANCHISES

Ch. 2.5Franchises

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Bluebook

Ind. Code § 23-2-2.5-47 (2026).

Text

All provisions of this chapter delegating and
granting power to the secretary of state, the securities division and the
commissioner shall be liberally construed to the end that the practice
or commission of fraud may be prohibited and prevented, disclosure of
sufficient and reliable information in order to afford reasonable
opportunity for the exercise of independent judgment of the persons
involved may be assured, in connection with the issuance, barter, sale,
purchase, transfer or disposition of franchises in this state. It is the
intent and purpose of this chapter to delegate and grant to and vest in
the secretary of state, the securities division and the commissioner full
and complete power to carry into effect and accomplish the purpose of
this chapter and to charge them with full an

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All provisions of this chapter delegating and
granting power to the secretary of state, the securities division and the
commissioner shall be liberally construed to the end that the practice
or commission of fraud may be prohibited and prevented, disclosure of
sufficient and reliable information in order to afford reasonable
opportunity for the exercise of independent judgment of the persons
involved may be assured, in connection with the issuance, barter, sale,
purchase, transfer or disposition of franchises in this state. It is the
intent and purpose of this chapter to delegate and grant to and vest in
the secretary of state, the securities division and the commissioner full
and complete power to carry into effect and accomplish the purpose of
this chapter and to charge them with full and complete responsibility
for the effective administration thereof.
Formerly: Acts 1975, P.L.262, SEC.1.