Sec. 3.1. An individual who, on June 30, 2014, was: (1) a principal broker; or (2) the designated individual broker under IC 25-34.1-4-2 (as in effect on June 30, 2014) of a partnership broker, corporate broker, or limited liability company broker; became a managing broker on July 1, 2014. As added by P.L.116-2015, SEC.8.