"Dealer owner"

Sec. 12. "Dealer owner" means the following: (1) For a transport operator, a licensed dealer, or an applicant dealer, other than a manufacturer, the following: (A) If a corporation, each officer, director, and shareholder having a ten percent (10%) or greater ownership interest in the corporation. (B) If a corporation and it has no officer, director, or shareholder having 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. (C) If a sole proprietorship, the proprietor. (D) If a partnership, each partner. (E) If a limited liability company, each member of the company. (2) 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.104-2024, SEC.31.