"Ultimate equitable owner"

Ind. Code § 23-2.5-1-38
in effect
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Sec. 38. "Ultimate equitable owner" means a person that, directly or indirectly, owns or controls ten percent (10%) or more of the equity interest in a loan broker, regardless of whether the person owns or controls the equity interest through: (1) one (1) or more other persons; or (2) one (1) or more proxies, powers of attorney, or variances. As added by P.L.175-2019, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/23Fetched: 10/17/2026

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