Ind. Code § 4-32.3-2-35

Current through P.L. 171-2024

Section 4-32.3-2-35 - "Substantial owner"

"Substantial owner" means:

(1) a person holding at least a five percent (5%) ownership interest; or

(2) an institutional investor holding at least a fifteen percent (15%) ownership interest;

in a business entity.

IC 4-32.3-2-35

Added by P.L. 58-2019,SEC. 4, eff. 7/1/2019.