Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 1 - GENERAL PROVISIONS
Rule 1 - Definitions
Section 1-52 - "Institutional investor" defined

Universal Citation: 68 IN Admin Code 1-52

Current through September 18, 2024

Authority: IC 4-33-4; IC 4-35-4-2; IC 4-35-4-3

Affected: IC 4-33; IC 4-35

Sec. 52.

"Institutional investor" means any:

(1) retirement fund administered by a public agency for the exclusive benefit of federal, state, or local public employees;

(2) investment company registered under the Investment Company Act of 1940 ( 15 U.S.C. 80a );

(3) collective investment trust organized by banks under Part Nine (9) of the rules of the Comptroller of the Currency;

(4) closed end investment trust;

(5) chartered or licensed life insurance company or property and casualty insurance company;

(6) banking, chartered, or licensed lending institution;

(7) investment adviser registered under the Investment Advisors Act of 1940 ( 15 U.S.C. 80b); or

(8) other entity the commission determines constitutes an institutional investor; that acquires voting or nonvoting units in the ordinary course of its investment business and holds those units for investment purposes only and not for the purpose of causing, directly or indirectly, the election of a majority of the board of directors or any change in the corporate charter, bylaws, management, policies, or operations of the business entity in which it holds those securities.

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