Sec. 4. The offer of sale of a franchise by a franchisee who is not an affiliate of the franchisor for his own account is exempt from section 9 if the offer or sale is not effected by or through a franchisor. A sale is not effected by or through a franchisor if a franchisor is entitled to approve or disapprove a different franchisee.
Formerly: Acts 1975, P.L.262, SEC.1.
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