Sec. 43. (a) “Designated family member” means a franchisee’s spouse, child, grandchild, parent, or sibling who has been nominated as the franchisee’s successor under a written document filed by the franchisee with the franchisor.
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Terms Used In Indiana Code 9-13-2-43
- Intestate: Dying without leaving a will.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Trustee: A person or institution holding and administering property in trust.
(1) if the franchisee is deceased, is entitled to inherit the franchisee’s ownership interest in the franchisee’s business under the franchisee’s will or under the laws of intestate succession; or
(2) if the franchisee is incapacitated, is appointed by the court as the legal representative of the franchisee’s property.
(c) If a franchisee is deceased, the term includes the appointed and qualified personal representative and testamentary trustee of the deceased franchisee.
[Pre-1991 Recodification Citation: 9-10-7-2.]
As added by P.L.2-1991, SEC.1.
