Indiana § 28-7-5-9 License not transferrable or assignable; branch locations

Indiana Statutes

§ 28-7-5-9 — License not transferrable or assignable; branch locations

Indiana·Art. 7 SPECIALIZED FINANCIAL INSTITUTIONS·Ch. 5 Pawnbrokers

(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.

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(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.

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