Ind. Code § 9-13-2-43
"Designated family member"
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2025
As of January 1, 2018
Sec. 43. (a) "Designated family member" means a franchisee's spouse, child, grandchild, parent, or sibling who has been nominated as the franchisee's successor under a written document filed by the franchisee with the franchisor.
Sec. 43. (a) "Designated family member", except as provided in subsection (b), means the following:
(1) A franchisee's spouse, child, grandchild, parent, or sibling who has been nominated as the franchisee's successor under a written document filed by the franchisee with the franchisor.
(2) If no such document has been filed, the term means a franchisee's spouse, child, grandchild, parent, or sibling who: (A) if the franchisee is deceased, is entitled to inherit the franchisee's ownership interest in the franchisee's business under the franchisee's will or under the laws of intestate succession; or (B) if the franchisee is incapacitated, is appointed by the court as the legal representative of the franchisee's property.
(2) if the franchisee is incapacitated, is appointed by the court as the legal representative of the franchisee's property.
(3) If a franchisee is deceased, the term includes the appointed and qualified personal representative and testamentary trustee of the deceased franchisee.
(b) "Designated family member", for purposes of IC 9-32-19, has the meaning set forth in IC 9-32-19-5.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.