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Indiana Code Title 4. State Offices and Administration § 4-35-12-7

Current as of January 01, 2026 | Updated by Findlaw Staff

Sec. 7. (a) A trustee acting under the authority of this chapter must fulfill the trustee's duties as a fiduciary for the owner of the racetrack.  In addition, the trustee shall consider the effect of the trustee's actions upon:

(1) the amount of taxes and fees remitted by the trustee under this article;

(2) the racetrack's surrounding community;

(3) the racetrack's employees;  and

(4) the creditors of the owner of the racetrack.

(b) In balancing the interests described in subsection (a), a trustee shall conduct gambling games at the racetrack in a manner that enhances the credibility and integrity of gambling games in Indiana while minimizing disruptions to tax revenues, fee remissions, employment, and credit obligations.

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-35-12-7 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-35-12-7/

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