"Substantial owner"

Ind. Code § 4-32.3-2-35
in effect
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Sec. 35. "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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/4Fetched: 10/17/2026

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