68 Ind. Admin. Code 1-1-86

Current through November 6, 2024

Section 68 IAC 1-1-86 - "Substantial owner" defined

Authority: IC 4-33-4; IC 4-35-4

Affected: IC 4-33; IC 4-35

Sec. 86.

"Substantial owner" means any:

(1) person who is not an institutional investor, who holds any direct, indirect, or attributed legal or beneficial interest, and whose combined direct, indirect, or attributed interest is five percent (5%) or more ownership interest in a business entity; or

(2) institutional investor holding fifteen percent (15%) or more ownership interest in a business entity.

68 IAC 1-1-86

Indiana Gaming Commission; 68 IAC 1-1-86; filed Nov 10, 1994, 11:00 a.m.: 18 IR 478; 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-068130354RFA

Readopted filed 9/4/2019, 10:57 a.m.: 20191002-IR-068190384RFA