Sec. 5. “Qualified person” means any of the following:

(1) A motor club that is any of the following:

Terms Used In Indiana Code 9-14.1-1-5

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(A) A domestic corporation.

(B) A foreign corporation qualified to transact business in Indiana under IC 23-1 or IC 23-17.

(2) A financial institution (as defined in IC 28-1-1-3).

(3) A new motor vehicle dealer licensed under IC 9-32-11.

(4) Other persons, including persons licensed under IC 9-32-11 that are not covered by subdivision (3), that the commission determines can meet the requirements for contractors under IC 9-14.1-3-2.

[Pre-2016 Revision Citation: 9-16-1-1.]

As added by P.L.198-2016, SEC.195.