Section 24-15-2-1 - [Effective 1/1/2026] "Affiliate"(a) "Affiliate" means a legal entity that: (1) controls, is controlled by, or is under common control with another legal entity; or(2) shares common branding with another legal entity.(b) For purposes of this section, "control", with respect to a company, means: (1) ownership of, or the power to vote, more than fifty percent (50%) of the outstanding shares of any class of voting security of the company;(2) control in any manner over the election of a majority of the directors or of individuals exercising similar functions; or(3) the power to exercise controlling influence over the management of the company.Added by P.L. 94-2023,SEC. 1, eff. 1/1/2026.