Sec. 29. Every person who materially aids or abets in an act or transaction constituting a violation of this chapter is also liable jointly and severally to the same extent as the person whom he aided and abetted, unless the person who aided and abetted had no knowledge of or reasonable grounds to believe in the existence of the facts by reason of which the liability is alleged to exist.
Ind. Code § 23-2-2.5-29
Aiders and abettors in violations; joint and several liability
Applied in 1 court decision — leading case Enservco, Inc. v. Indiana Securities Division (1993)
Most recently applied in Enservco, Inc. v. Indiana Securities Division (October 1993)
Formerly: Acts 1975, P.L.262, SEC.1.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.