"Dealer owner" means the following:
- (1) For a licensed or applicant dealer, other than a manufacturer, that is a corporation, each officer, director, and shareholder having a ten percent (10%) or greater ownership interest in the corporation.
- (2) If no officer, director, or shareholder has 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.
- (3) If the licensed or applicant dealer, other than a manufacturer, is a sole proprietorship, the proprietor.
- (4) If the licensed or applicant dealer, other than a manufacturer, is a partnership, each partner.
- (5) If the licensed or applicant dealer, other than a manufacturer, is a limited liability company, each member of the company.
- (6) 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.179-2017, SEC.33.