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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 8. (a) A person who directly or indirectly owns a riverboat that is the subject of a resolution described in section 3 of this chapter has one hundred eighty (180) days after the date on which the commission adopts the resolution to sell the riverboat (and its related properties described in section 9 of this chapter) to another person who:
(1) satisfies the requirements of this article for obtaining an owner's license; and
(2) is approved by the commission.
(b) If the person is unable to sell the riverboat (and its related properties described in section 9 of this chapter) in the time required by subsection (a), the trustee may take any action necessary to sell the properties to another person who:
(1) satisfies the requirements of this article for obtaining an owner's license; and
(2) is approved by the commission.
Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-33-21-8 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-33-21-8/
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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