Sec. 35. "Substantial owner" means:
(1) a person holding at least a five percent (5%) ownership interest; or
(2) an institutional investor holding at least a fifteen percent (15%) ownership interest;
in a business entity.
Ind. Code § 4-32.3-2-35
"Substantial owner"
As added by P.L.58-2019, SEC.4.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.