Section 25-34.1-4-2 - Partnership, corporation, or limited liability company as broker company Except as provided in IC 23-1.5, a partnership broker, corporate broker, or limited liability company broker:
(1) may act only as a broker company; and(2) shall designate to the commission a managing broker who meets the requirements for managing brokers set forth in IC 25-34.1-3-4.1 to be primarily responsible to the commission for its actions.Amended by P.L. 116-2015, SEC. 6, eff. 7/1/2015.Amended by P.L. 127-2012, SEC. 21, eff. 7/1/2014.As added by Acts1979 , P.L. 248, SEC.1. Amended by P.L. 128-1994, SEC.4; P.L. 229-1995, SEC.7.