§ 4-33-4-25 — Appointment of temporary trustee

Indiana § 4-33-4-25

• Jurisdiction: Indiana
• Art. 33: RIVERBOAT GAMBLING
• Ch. 4: Powers and Duties of Indiana Gaming Commission

Text

(a) The commission may appoint a person to
serve as a temporary trustee for a particular riverboat if the commission
makes the following findings:
(1) That circumstances requiring a trustee to assume control of
the riverboat are likely to occur.
(2) That the commission has not approved a power of attorney
identifying any other person to serve as the trustee for the
riverboat.
(3) That there is not enough time to consider and approve a power
of attorney with respect to the riverboat before the circumstances
found likely to occur under subdivision (1) will occur.
(b) A person appointed under this section must be qualified to
perform any duty described in this section or IC 4-33-21.
(c) A trustee appointed by the commission under this section shall
serve until any of the following occurs:
(1) The commission adopts a resolution under IC 4-33-21-3
authorizing a trustee appointed by an approved power of attorney
to conduct gambling operations under IC 4-33-21 on the
riverboat.
(2) The commission revokes the trustee's authority to conduct
gambling operations under IC 4-33-21-12.
(3) A new licensed owner or operating agent assumes control of
the riverboat.
(d) A trustee appointed by the commission under this section shall
exercise the trustee's powers in accordance with:
(1) the model power of attorney established by the executive
director under section 24.2 of this chapter; and
(2) IC 4-33-21.

Legislative History

As added by P.L.142-2009, SEC.6.