Registration or filing not considered finding upon merits
Ind. Code § 23-2-2.5-23
in effectSec. 23. (a) Neither:
(1) the fact that a registration renewal form has been filed or a registration notification form has been submitted to the commissioner under section 10.5 of this chapter; nor
(2) the fact that such registration has become effective;
constitutes a finding by the commissioner that any document filed under this chapter is true, complete, or not misleading. Neither any such fact nor the fact that an exemption is available for a transaction means that the commissioner has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person, franchise or transaction.
(b) A person may not make or cause to be made to any prospective purchaser or offeree any representation inconsistent with subsection (a).
Formerly: Acts 1975, P.L.262, SEC.1. As amended by P.L.168-2001, SEC.12.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/23Fetched: 10/17/2026