Indiana Code 7.1-3-3-4. Warehouse premises; permit transfer to relative
(b) As used in this subsection, “immediate relative” means the father, the mother, a brother, a sister, a son, or a daughter of a wholesaler permittee. Notwithstanding subsection (a), if a wholesaler permittee is:
(1) dead;
(2) legally adjudged to be mentally incapacitated; or
(3) at least seventy-five (75) years of age and has held an interest in the wholesaler’s permit for at least ten (10) years;
the commission may allow the transfer of the wholesaler permit only to an immediate relative of the wholesaler permittee who concurrently holds a majority share in a valid wholesaler permit. In the case of a permit transfer from a wholesaler permittee under subdivision (3), the immediate relative to whom the permit is transferred must concurrently hold a majority share in a valid wholesaler permit and must have held an interest in the wholesaler permit for at least ten (10) years.
[Pre-1973 Recodification Citation: 7-1-1-10.]
Formerly: Acts 1973, P.L.55, SEC.1. As amended by P.L.205-1999, SEC.13; P.L.94-2008, SEC.27; P.L.79-2022, SEC.1; P.L.11-2023, SEC.29.