Section 68 IAC 1-1-52 - "Institutional investor" definedAuthority: IC 4-33-4; IC 4-35-4-2; IC 4-35-4-3
Affected: IC 4-33; IC 4-35
Sec. 52.
"Institutional investor" means any:
(1) retirement fund administered by a public agency for the exclusive benefit of federal, state, or local public employees;(2) investment company registered under the Investment Company Act of 1940 ( 15 U.S.C. 80a );(3) collective investment trust organized by banks under Part Nine (9) of the rules of the Comptroller of the Currency;(4) closed end investment trust;(5) chartered or licensed life insurance company or property and casualty insurance company;(6) banking, chartered, or licensed lending institution;(7) investment adviser registered under the Investment Advisors Act of 1940 ( 15 U.S.C. 80b); or(8) other entity the commission determines constitutes an institutional investor; that acquires voting or nonvoting units in the ordinary course of its investment business and holds those units for investment purposes only and not for the purpose of causing, directly or indirectly, the election of a majority of the board of directors or any change in the corporate charter, bylaws, management, policies, or operations of the business entity in which it holds those securities.Indiana Gaming Commission; 68 IAC 1-1-52; filed Nov 10, 1994, 11:00 a.m.: 18 IR 475; readopted filed Oct 15, 2001, 4:34 p.m.: 25 IR 898; readopted filed Sep 14, 2007, 1:40 p.m.: 20071003-IR-068070354RFA; filed Dec 15, 2008, 11:29 a.m.: 20090114-IR-068080430FRA; readopted filed November 26, 2013, 3:58 p.m.: 20131225-IR-068130354RFAReadopted filed 9/4/2019, 10:57 a.m.: 20191002-IR-068190384RFA