2-7-1-3.5. "Family business"

IN Code § 2-7-1-3.5 (2019) (N/A)
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Sec. 3.5. "Family business" means a business entity in which an individual and the individual's spouse own at least eighty percent (80%) of the business, either of the voting stock or other measure of ownership of that type of business entity, regardless of whether all or a portion is owned jointly or severally.

As added by P.L.123-2015, SEC.4.