24-5-12-3. "Owner" defined

IN Code § 24-5-12-3 (2019) (N/A)
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Sec. 3. As used in this chapter, "owner" means a person who owns or controls ten percent (10%) or more of the equity of a seller, or otherwise has a claim to ten percent (10%) or more of the net income of a seller.

As added by P.L.253-1987, SEC.1.