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2021 Indiana Code
Title 23. Business and Other Associations
Article 2.5. Loan Brokers
Chapter 1. Definitions
23-2.5-1-38. "Ultimate Equitable Owner"
Universal Citation:
IN Code § 23-2.5-1-38 (2021)
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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.
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