Note: This version of section effective until 1-1-2024. See also following repeal of this chapter, effective 1-1-2024.

Sec. 9. As used in this chapter, "key shareholder" means:

1. (1) a person who owns; or

2. (2) a group of persons acting as a unit that own;

   at least twenty-five percent (25%) of a class of an applicant's stock.

As added by P.L.42-1993, SEC.85.