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Current as of January 01, 2026 | Updated by Findlaw Staff
Sec. 25. (a) The commission may appoint a person to serve as a temporary trustee for a particular riverboat if the commission makes the following findings:
(1) That circumstances requiring a trustee to assume control of the riverboat are likely to occur.
(2) That the commission has not approved a power of attorney identifying any other person to serve as the trustee for the riverboat.
(3) That there is not enough time to consider and approve a power of attorney with respect to the riverboat before the circumstances found likely to occur under subdivision (1) will occur.
(b) A person appointed under this section must be qualified to perform any duty described in this section or IC 4-33-21.
(c) A trustee appointed by the commission under this section shall serve until any of the following occurs:
(1) The commission adopts a resolution under IC 4-33-21-3 authorizing a trustee appointed by an approved power of attorney to conduct gambling operations under IC 4-33-21 on the riverboat.
(2) The commission revokes the trustee's authority to conduct gambling operations under IC 4-33-21-12.
(3) A new licensed owner or operating agent assumes control of the riverboat.
(d) A trustee appointed by the commission under this section shall exercise the trustee's powers in accordance with:
(1) the model power of attorney established by the executive director under section 24.2 of this chapter; and
(2) IC 4-33-21.
Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-33-4-25 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-33-4-25/
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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