Indiana § 23-1-43-3 "Associate" defined

Indiana Statutes

§ 23-1-43-3 — "Associate" defined

Indiana § 23-1-43-3

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1INDIANA BUSINESS CORPORATION LAW

Ch. 43Business Combinations

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Bluebook

Ind. Code § 23-1-43-3 (2026).

Text

As used in this chapter, "associate", when used to indicate a relationship with any person, means:

(1)any corporation or organization of which the person is an officer or partner or is, directly or indirectly, the beneficial owner of ten percent (10%) or more of any class of voting shares;

(2)any trust or other estate in which the person has a substantial beneficial interest or as to which the person serves as trustee or in a similar fiduciary capacity; and

(3)any relative or spouse of the person, or any relative of the spouse, who has the same home as the person.

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As used in this chapter, "associate", when used
to indicate a relationship with any person, means:
(1) any corporation or organization of which the person is an
officer or partner or is, directly or indirectly, the beneficial owner
of ten percent (10%) or more of any class of voting shares;
(2) any trust or other estate in which the person has a substantial
beneficial interest or as to which the person serves as trustee or in
a similar fiduciary capacity; and
(3) any relative or spouse of the person, or any relative of the
spouse, who has the same home as the person.