Ind. Code § 1-1-15.3-2
This is the official text of Ind. Code § 1-1-15.3-2, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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"Controlling person"
Official statutory text
Sec. 2. As used in this chapter, "controlling person" means:
(1) a beneficial owner (as defined in IC 23-1-20-3.5) of at least fifty-one percent (51%) of the shares of a business entity;
(2) an officer, a director, or another individual who possesses inside information about a business entity because of the officer, director, or other individual's relationship with the business entity; or
(3) a person, individually or as a member of a group, who has the ability to directly or indirectly affect a business entity's management or policies.
As added by P.L.131-2026, SEC.1.
(1) a beneficial owner (as defined in IC 23-1-20-3.5) of at least fifty-one percent (51%) of the shares of a business entity;
(2) an officer, a director, or another individual who possesses inside information about a business entity because of the officer, director, or other individual's relationship with the business entity; or
(3) a person, individually or as a member of a group, who has the ability to directly or indirectly affect a business entity's management or policies.
As added by P.L.131-2026, SEC.1.
Status: in_force · Read it on the official government site
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