Ind. Code § 23-2.5-1-38

Current through P.L. 171-2024

Section 23-2.5-1-38 - "Ultimate equitable owner"

"Ultimate equitable owner" means a person that, directly or indirectly, owns or controls ten percent (10%) or more of the equity interest in a loan broker, regardless of whether the person owns or controls the equity interest through:

(1) one (1) or more other persons; or

(2) one (1) or more proxies, powers of attorney, or variances.

IC 23-2.5-1-38

Added by P.L. 175-2019,SEC. 2, eff. 7/1/2019.