Indiana Code 25-34.1-4-3.1. Individuals who became managing brokers on July 1, 2014
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Sec. 3.1. An individual who, on June 30, 2014, was:
(2) the designated individual broker under IC 25-34.1-4-2 (as in effect on June 30, 2014) of a partnership broker, corporate broker, or limited liability company broker;
(1) a principal broker; or
Terms Used In Indiana Code 25-34.1-4-3.1
- Broker: means a person who:
Indiana Code 25-34.1-1-2
- Managing broker: refers to an individual broker whom the commission holds responsible for the actions of licensees who are affiliated with the broker company. See Indiana Code 25-34.1-1-2
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
became a managing broker on July 1, 2014.
As added by P.L.116-2015, SEC.8.