Ind. Code § 4-32.3-2-35
"Substantial owner"
As added by P.L.58-2019, SEC.4.
"Substantial owner" means:
- (1) a person holding at least a five percent (5%) ownership interest; or
(2) an institutional investor holding at least a fifteen percent (15%) ownership interest;
in a business entity.
As added by P.L.58-2019, SEC.4.