(1) a corporation fifty percent (50%) or more of whose voting stock; or(2) an entity other than a corporation that is taxed as a corporation under the Internal Revenue Code and fifty percent (50%) of whose net worth;
is owned by another legal entity.
IC 6-5.5-1-14
As added by P.L. 347-1989 (ss), SEC.1. Amended by P.L. 21-1990, SEC.17.