Indiana Statutes

§ 23-19-7-7 — Award to informant for original information leading to successful enforcement action; commissioner to determine amount; award to be paid from fund; limit on aggregate amount of awards

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 19 INDIANA UNIFORM SECURITIES ACT·Ch. 7 Awards for Reporting Securities Violations
(a)Except as provided in section 9 of this chapter, and subject to subsection (b) and section 8 of this chapter, if:
(1)an informant:
(A)voluntarily provides in writing, and in the form or manner required by the commissioner, original information to the division; and
(B)includes, as part of the writing provided under clause (A), a signed statement indicating that the informant reasonably believes that the act or omission disclosed through the original information provided constitutes a violation of this article; and
(2)the original information provided by the informant leads to the successful enforcement of a judicial or an administrative action under this article; the commissioner may award an amount, to be determined by the commissioner and paid from the fund, to the informant for t

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Indiana § 23-19-7-7 (Award to informant for original information leading to successful enforcement action; commissioner to determine amount; award to be paid from fund; limit on aggregate amount of awards) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.85-2012, SEC.6.

Nearby Sections

15
§ 23-0.5-1-1
Short title
§ 23-0.5-1-2
Application
§ 23-0.5-1-4
Delivery of record
§ 23-0.5-1.5-10
"Filed record"
§ 23-0.5-1.5-11
"Filing entity"
§ 23-0.5-1.5-12
"Foreign"
§ 23-0.5-1.5-13
"General partnership"
§ 23-0.5-1.5-14
"Governance interest"
§ 23-0.5-1.5-15
"Governing person"
§ 23-0.5-1.5-16
"Interest"
§ 23-0.5-1.5-17
"Interest holder"
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