'Dealer owner' means the following:(1) For a transport operator, a licensed dealer, or an applicant dealer, other than a manufacturer, the following:(A) If a corporation, each officer, director, and shareholder having a ten percent (10%) or greater ownership interest in the corporation.(B) If a corporation and it has no officer, director, or shareholder having a ten percent (10%) or greater ownership interest in the corporation, one (1) or more officers, directors, or shareholders designated in writing by the board of directors.(C) If a sole proprietorship, the proprietor.(D) If a partnership, each partner.(E) If a limited liability company, each member of the company.(2) For a licensed or applicant manufacturer, one (1) or more officers, directors, or shareholders designated in writing by the manufacturer.As added by P.L.104-2024, SEC.31.
Indiana Legal Code