§ 4-33-6-22 — Submission of proposed power of attorney

Indiana § 4-33-6-22

• Jurisdiction: Indiana
• Art. 33: RIVERBOAT GAMBLING
• Ch. 6: Licensing of Owners

Text

(a) This section applies to any licensed owner
who was not required to submit a proposed power of attorney when
applying for an owner's license.
(b) A licensed owner shall submit for the approval of the
commission a written power of attorney identifying the person who, if
approved by the commission, would serve as the licensed owner's
trustee to operate the riverboat. The power of attorney submitted under
this subsection must:
(1) be executed in the manner required by IC 30-5;
(2) describe the powers that may be delegated to the proposed
trustee;
(3) conform with the requirements established by the commission
under IC 4-33-4-3(a)(9); and
(4) be submitted before:
(A) November 1, 2009, in the case of a person holding an
owner's license on July 1, 2009; or
(B) the deadline imposed by the commission in the case of a
licensed owner who is subject to this section and not described
by clause (A).
(c) The commission may not renew an owner's license unless the
commission:
(1) receives a proposed power of attorney from the licensed
owner;
(2) approves the trustee identified by the power of attorney; and
(3) approves the power of attorney.
(d) A licensed owner must petition the commission for its approval
of any changes to a power of attorney approved by the commission.

Legislative History

As added by P.L.142-2009, SEC.9. Amended by P.L.93-2024, SEC.32.