Effective 1-1-2026.
Sec. 1. (a) "Affiliate" means a legal entity that:
(1) controls, is controlled by, or is under common control with another legal entity; or
(2) shares common branding with another legal entity.
(b) For purposes of this section, "control", with respect to a company, means:
(1) ownership of, or the power to vote, more than fifty percent (50%) of the outstanding shares of any class of voting security of the company;
(2) control in any manner over the election of a majority of the directors or of individuals exercising similar functions; or
(3) the power to exercise controlling influence over the management of the company.