"Prohibited person"
Ind. Code § 1-1-15.3-4
in effectSec. 4. (a) As used in this chapter, "prohibited person" includes the following:
(1) A business entity organized under the laws of a foreign adversary.
(2) A business entity headquartered in a foreign adversary.
(3) A business entity with a controlling person that is one (1) of the following:
(A) An individual who is a citizen of a foreign adversary.
(B) An individual who is domiciled in a foreign adversary.
(C) A business entity or other entity, including a governmental entity, that is owned or controlled by an individual who is a citizen of or domiciled in a foreign adversary, or is directly controlled by the government of a foreign adversary.
The term, as used in subdivision (3)(A) and (3)(B), does not include an individual who holds dual citizenship with a foreign adversary (as defined in 15 CFR 791.4) and the United States, an individual who is a citizen or lawful permanent resident of the United States, or an individual who has been granted asylum in the United States.
(b) The term includes an agent, a trustee, or a fiduciary acting on behalf of a prohibited person.
As added by P.L.131-2026, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/1Fetched: 10/17/2026