Indiana § 24-15-2-1 "Affiliate"

Indiana Statutes

§ 24-15-2-1 — "Affiliate"

Indiana·Art. 15 CONSUMER DATA PROTECTION·Ch. 2 Definitions

Effective 1-1-2026. Sec. 1.

(a)"Affiliate" means a legal entity that:

(1)controls, is controlled by, or is under common control with another legal entity; or

(2)shares common branding with another legal entity.

(b)For purposes of this section, "control", with respect to a company, means:

(1)ownership of, or the power to vote, more than fifty percent (50%) of the outstanding shares of any class of voting security of the company;

(2)control in any manner over the election of a majority of the directors or of individuals exercising similar functions; or

(3)the power to exercise controlling influence over the management of the company.

Free access — add to your briefcase to read the full text and ask questions with AI

Effective 1-1-2026.
Sec. 1. (a) "Affiliate" means a legal entity that:
(1) controls, is controlled by, or is under common control with
another legal entity; or
(2) shares common branding with another legal entity.
(b) For purposes of this section, "control", with respect to a
company, means:
(1) ownership of, or the power to vote, more than fifty percent
(50%) of the outstanding shares of any class of voting security of
the company;
(2) control in any manner over the election of a majority of the
directors or of individuals exercising similar functions; or
(3) the power to exercise controlling influence over the
management of the company.

Indiana § 24-15-2-1 ("Affiliate") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.