Indiana Code 9-32-13-10. Manufacturer or distributor requiring changes in capital structure or financing
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Terms Used In Indiana Code 9-32-13-10
- Contract: A legal written agreement that becomes binding when signed.
Sec. 10. It is an unfair practice for a manufacturer or distributor to prevent or require, or attempt to prevent or require, by contract or otherwise, a change in the capital structure of a dealer or the means by or through which the dealer finances the dealer’s operation, if the dealer at all times meets reasonable capital standards agreed to by the dealer and the manufacturer or distributor. A change in capital structure does not cause a change in the principal management or have the effect of a sale of the franchise without the consent of the manufacturer or distributor.
As added by P.L.92-2013, SEC.78.