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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 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.
Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-15-2-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-15-2-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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