Note: This version of section effective until 1-1-2024. See also following repeal of this chapter, effective 1-1-2024.

     Sec. 4. As used in this chapter, “control” means:

Terms Used In Indiana Code 28-8-4-4

(1) ownership; or

(2) the power to vote at least twenty-five percent (25%);

of the outstanding voting securities of a licensee or controlling person.

As added by P.L.42-1993, SEC.85.