Ind. Code § 1-1-15.3-4
This is the official text of Ind. Code § 1-1-15.3-4, 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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"Prohibited person"
Official statutory text
Sec. 4. (a) As used in this chapter, "prohibited person" includes the following:
(1) A business entity organized under the laws of a foreign adversary.
(2) A business entity headquartered in a foreign adversary.
(3) A business entity with a controlling person that is one (1) of the following:
(A) An individual who is a citizen of a foreign adversary.
(B) An individual who is domiciled in a foreign adversary.
(C) A business entity or other entity, including a governmental entity, that is owned or controlled by an individual who is a citizen of or domiciled in a foreign adversary, or is directly controlled by the government of a foreign adversary.
The term, as used in subdivision (3)(A) and (3)(B), does not include an individual who holds dual citizenship with a foreign adversary (as defined in 15 CFR 791.4) and the United States, an individual who is a citizen or lawful permanent resident of the United States, or an individual who has been granted asylum in the United States.
(b) The term includes an agent, a trustee, or a fiduciary acting on behalf of a prohibited person.
As added by P.L.131-2026, SEC.1.
(1) A business entity organized under the laws of a foreign adversary.
(2) A business entity headquartered in a foreign adversary.
(3) A business entity with a controlling person that is one (1) of the following:
(A) An individual who is a citizen of a foreign adversary.
(B) An individual who is domiciled in a foreign adversary.
(C) A business entity or other entity, including a governmental entity, that is owned or controlled by an individual who is a citizen of or domiciled in a foreign adversary, or is directly controlled by the government of a foreign adversary.
The term, as used in subdivision (3)(A) and (3)(B), does not include an individual who holds dual citizenship with a foreign adversary (as defined in 15 CFR 791.4) and the United States, an individual who is a citizen or lawful permanent resident of the United States, or an individual who has been granted asylum in the United States.
(b) The term includes an agent, a trustee, or a fiduciary acting on behalf of a prohibited person.
As added by P.L.131-2026, SEC.1.
Status: in_force · Read it on the official government site
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