Indiana Statutes

§ 7.1-3-18.5-3.2 — Sale or transfer of majority ownership

Indiana § 7.1-3-18.5-3.2
JurisdictionIndiana
Art. 3PERMITS
Ch. 18.5Tobacco Sales Certificate

This text of Indiana § 7.1-3-18.5-3.2 (Sale or transfer of majority ownership) 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 § 7.1-3-18.5-3.2 (2026).

Text

2. If the majority of the ownership of a business that is a certificate holder is sold or transferred:

(1)the new ownership of the business must apply for a new certificate under section 2 of this chapter; and
(2)the certificate and the permit number held by the previous ownership of the business are void ninety (90) days after the date of the sale or transfer of the ownership of the business.

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Legislative History

As added by P.L.107-2024, SEC.3.

Nearby Sections

15
§ 7.1-1-1-1
General purposes
§ 7.1-1-1-11.5
Repealed
§ 7.1-1-2-0.1
Repealed
§ 7.1-1-2-1
Construction
§ 7.1-1-2-13
Repealed
§ 7.1-1-2-2
Scope
§ 7.1-1-2-3
Exceptions
§ 7.1-1-2-4
Gender and number
§ 7.1-1-2-6
Repealed
§ 7.1-1-3-1
Generally
§ 7.1-1-3-10
"Club"
§ 7.1-1-3-11
"Commercially"
§ 7.1-1-3-12
"Commission"
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Bluebook (online)
Indiana § 7.1-3-18.5-3.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/7.1-3-18.5-3.2.