"Affiliate"
Ind. Code § 24-15-2-1
in effectSec. 1. (a) "Affiliate" means a legal entity that:
(1) controls, is controlled by, or is under common control with another legal entity; or
(2) shares common branding with another legal entity.
(b) For purposes of this section, "control", with respect to a company, means:
(1) ownership of, or the power to vote, more than fifty percent (50%) of the outstanding shares of any class of voting security of the company;
(2) control in any manner over the election of a majority of the directors or of individuals exercising similar functions; or
(3) the power to exercise controlling influence over the management of the company.
As added by P.L.94-2023, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/24Fetched: 10/17/2026