Sec. 10.5. (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.
As added by P.L.168-2001, SEC.2. Amended by P.L.152-2020, SEC.2.
Structure Indiana Code
Title 23. Business and Other Associations
Article 2. Securities and Franchises
23-2-2.5-0.5. Consideration of Franchisor as Employer or Co-Employer
23-2-2.5-2. Application of Chapter
23-2-2.5-4. Exempt Franchisees
23-2-2.5-5. Sales Exempted by Commissioner
23-2-2.5-6. Denial or Revocation of Exemptions; Grounds
23-2-2.5-7. Notice of Denial or Revocation of Exemptions; Hearing
23-2-2.5-8. Determination of Exemption; Request; Fee; Notice; Hearing; Order
23-2-2.5-9. Offer or Sale of Franchise; Requisites; Disclosure Statement
23-2-2.5-10.5. Registration of Franchise; Notification Form
23-2-2.5-11. Signatures and Verifications
23-2-2.5-12. Escrow or Impoundment of Franchise Fees; Inadequate Funding
23-2-2.5-13. Disclosure Statements
23-2-2.5-13.1. Material Change in Information; Amended Disclosure Statement Required
23-2-2.5-14. Stop Orders; Descriptions of Charges
23-2-2.5-15. Notice of Stop Order
23-2-2.5-16. Stop Orders; Vacating or Modifying
23-2-2.5-17. Effectiveness of Registration
23-2-2.5-18. Renewal of Registration; Period
23-2-2.5-23. Registration or Filing Not Considered Finding Upon Merits
23-2-2.5-24. Consent to Service of Process on Secretary of State
23-2-2.5-26. Advertisements Containing False Statements; Notification; Hearing
23-2-2.5-27. Fraud or Deceit Unlawful
23-2-2.5-28. Violations; Judgment; Damages; Interest; Attorney's Fees
23-2-2.5-29. Aiders and Abettors in Violations; Joint and Several Liability
23-2-2.5-30. Limitation of Actions
23-2-2.5-31. Survival of Actions
23-2-2.5-33. Investigations; Proceedings; Powers; Self-Incrimination
23-2-2.5-34. Violations; Orders and Notices; Hearing; Costs; Civil Penalties; Enforcement Action
23-2-2.5-36. Prosecution of Violations
23-2-2.5-37. Violations; Felony
23-2-2.5-38. Conduct Equivalent to Appointment of Secretary of State for Service of Process
23-2-2.5-39. Exemption or Classification; Burden of Proof
23-2-2.5-40. Certificate of Commissioner as Evidence
23-2-2.5-41. Statements and Documents Filed With Secretary of State as Evidence
23-2-2.5-42. Administration of Chapter
23-2-2.5-43. Fees and Funds; Accounting; Fees for Registration and Renewal
23-2-2.5-45. Assistance of Attorney General; Expenses
23-2-2.5-46. Liability for Performance of Official Duties
23-2-2.5-47. Construction and Purpose of Chapter
23-2-2.5-49. Construction With Other Laws
23-2-2.5-50. Administrative Orders and Procedures
23-2-2.5-51. Service Stations; Succession to Ownership by Family Member of Deceased Franchisee