Indiana Code 28-13-17-5. “Hold an interest” defined
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Terms Used In Indiana Code 28-13-17-5
- equity capital: includes , in addition to an equity investment, a debt instrument issued by a financial subsidiary, if the instrument qualifies as capital of the financial subsidiary under any federal or state law, regulation, or interpretation applicable to the financial subsidiary. See Indiana Code 28-13-17-6
- financial subsidiary: means a foreign or domestic corporation or limited liability company that is controlled by one (1) or more financial institutions that engages in a financial subsidiary activity. See Indiana Code 28-13-17-2
Sec. 5. As used in this chapter, “hold an interest” means the ownership of any equity capital of a financial subsidiary.
As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.