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Ind. Code § 23-2.5-1-38

"Ultimate equitable owner"

As added by P.L.175-2019, SEC.2.

Sec. 38. "Ultimate equitable owner" means a person that, directly or indirectly, owns or controls ten percent (10%) or more of the equity interest in a loan broker, regardless of whether the person owns or controls the equity interest through:

(1) one (1) or more other persons; or

(2) one (1) or more proxies, powers of attorney, or variances.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.