Indiana Code 27-14.5-1-5. “Acting in concert”
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Sec. 5. (a) Subject to subsection (b), “acting in concert” means:
(2) interdependent conscious parallel action toward a common goal under an express agreement or otherwise; or
(1) a knowing participation in a joint activity whether or not under an express agreement;
Terms Used In Indiana Code 27-14.5-1-5
- Contract: A legal written agreement that becomes binding when signed.
- Trustee: A person or institution holding and administering property in trust.
(3) a combination or pooling of voting interests or other interests in the securities of any person for a common purpose under any contract, understanding, relationship, agreement, or other arrangement, written or otherwise.
(b) An employee benefit plan is acting in concert with:
(1) its trustee; or
(2) a person who serves in a capacity similar to a trustee;
solely for the purpose of determining whether capital stock held by the trustee or the person in a similar capacity and capital stock held by the plan will be aggregated.
As added by P.L.226-2023, SEC.30.