Indiana § 24-15-2-1 "Affiliate"

Indiana Statutes

§ 24-15-2-1 — "Affiliate"

Indiana § 24-15-2-1

Art. 15CONSUMER DATA PROTECTION

Ch. 2Definitions

This text of Indiana § 24-15-2-1 ("Affiliate") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 24-15-2-1 (2026).

Text

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.

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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.