TITLE 68 INDIANA GAMING COMMISSION
Emergency Rule
LSA Document #07-187(E)
DIGEST
Temporarily amends
68 IAC 1-1-57 and
68 IAC 1-1-86 concerning the definitions for the terms "key person" and "substantial owner". Effective March 13, 2007.
(b) "Key person" means any:
(1) officer;
(2) director;
(3) executive;
(4) employee;
(5) trustee;
(6) substantial owner;
(7) independent contractor; or
(8) agent of a business entity;
having the power to exercise management or operating authority over a business entity or affiliates thereof.
(b) "Substantial owner" means any:
(1) person holding five percent (5%) or more ownership interest in a business entity; or
(2) institutional investor(s) holding fifteen percent (15%) or more ownership interest in a business entity.
Filed with Publisher: March 13, 2007, 2:06 p.m.
Posted: 03/21/2007 by Legislative Services Agency
DIN: 20070321-IR-068070187ERA
Composed: May 06,2024 9:30:47AM EDT
A
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