23-0.5-1.5-16. "Interest"

IN Code § 23-0.5-1.5-16 (2019) (N/A)
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Sec. 16. "Interest" means:

(1) a share in a business corporation;

(2) a membership in a nonprofit corporation; or

(3) a governance interest or economic interest in any other type of unincorporated entity.

As added by P.L.118-2017, SEC.5. Amended by P.L.52-2018, SEC.1.