Indiana Code 4-32.3-2-35. “Substantial owner”

Current as of: 2023 | Check for updates | Other versions

Sec. 35. “Substantial owner” means:

(1) a person holding at least a five percent (5%) ownership interest; or

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(2) an institutional investor holding at least a fifteen percent (15%) ownership interest;

in a business entity.

As added by P.L.58-2019, SEC.4.

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