Indiana Code Title 28. Financial Institutions § 28-1-18.2-1.3

(1) the company or shareholder, directly or indirectly, or acting through at least one (1) other person owns, controls, or has power to vote at least twenty-five percent (25%) of any class of voting securities of the other company;

(2) the company or shareholder controls in any manner the election of a majority of the directors or trustees of the other company; or

(3) the department determines, after notice and opportunity for hearing, that the company or shareholder, directly or indirectly, exercises a controlling influence over the management or policies of the other company.