Indiana Statutes

§ 23-2-3.1-9 — Administration of chapter; regulations; immunity

Indiana § 23-2-3.1-9
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 2SECURITIES AND FRANCHISES
Ch. 3.1Takeover Offers

This text of Indiana § 23-2-3.1-9 (Administration of chapter; regulations; immunity) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ind. Code § 23-2-3.1-9 (2026).

Text

(a)This chapter shall be administered by the secretary of state of Indiana by and through the commissioner, who may exercise all powers granted to the commissioner under IC 23-19.
(b)Subject to the approval of the secretary of state, the commissioner may promulgate regulations necessary to carry out the purposes of this chapter under IC 4-22-2.
(c)Neither the secretary of state, nor the securities commissioner, nor any employee of the securities division, shall be liable in their individual capacity, except to the state of Indiana, for any act done or omitted in connection with the performance of their respective duties under the provisions of this chapter. As added by Acts 1979, P.L.235, SEC.1. Amended by Acts 1981, P.L.215, SEC.8; P.L.27-2007, SEC.15.

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Related

City Investing Co. v. Simcox
633 F.2d 56 (Seventh Circuit, 1980)
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Bluebook (online)
Indiana § 23-2-3.1-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-2-3.1-9.