Indiana Code 28-8-4-4. Control
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Note: This version of section effective until 1-1-2024. See also following repeal of this chapter, effective 1-1-2024.
(1) ownership; or
Sec. 4. As used in this chapter, “control” means:
Terms Used In Indiana Code 28-8-4-4
- controlling person: means a person in control of a licensee. See Indiana Code 28-8-4-5
- licensee: means a person licensed under this chapter. See Indiana Code 28-8-4-11
(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.