Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 1 - GENERAL PROVISIONS
Rule 1 - Definitions
Section 1-86 - "Substantial owner" defined
Universal Citation: 68 IN Admin Code 1-86
Current through March 20, 2024
Authority: IC 4-33-4; IC 4-35-4
Affected: IC 4-33; IC 4-35
Sec. 86.
"Substantial owner" means any:
(1) person who is not an institutional investor, who holds any direct, indirect, or attributed legal or beneficial interest, and whose combined direct, indirect, or attributed interest is five percent (5%) or more ownership interest in a business entity; or
(2) institutional investor holding fifteen percent (15%) or more ownership interest in a business entity.
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