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.
Ind. Code § 23-2-2.5-4
Exempt franchisees
Applied in 2 court decisions — leading case 100 F. Supp. 2d 781 - Kinnard v. Shoney's, Inc. (2000)
Most recently applied in 100 F. Supp. 2d 781 - Kinnard v. Shoney's, Inc. (April 2000)
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.