Indiana § 4-35-12-7 Trustee's duties

Indiana Statutes

§ 4-35-12-7 — Trustee's duties

Indiana § 4-35-12-7

Art. 35GAMBLING GAMES AT RACETRACKS

Ch. 12Gambling Games Temporarily Conducted by a Trustee

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Bluebook

Ind. Code § 4-35-12-7 (2026).

Text

(a)A trustee acting under the authority of this chapter must fulfill the trustee's duties as a fiduciary for the owner of the racetrack. In addition, the trustee shall consider the effect of the trustee's actions upon:

(1)the amount of taxes and fees remitted by the trustee under this article;

(2)the racetrack's surrounding community;

(3)the racetrack's employees; and

(4)the creditors of the owner of the racetrack.

(b)In balancing the interests described in subsection (a), a trustee shall conduct gambling games at the racetrack in a manner that enhances the credibility and integrity of gambling games in Indiana while minimizing disruptions to tax revenues, fee remissions, employment, and credit obligations.

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(a) A trustee acting under the authority of this
chapter must fulfill the trustee's duties as a fiduciary for the owner of
the racetrack. In addition, the trustee shall consider the effect of the
trustee's actions upon:
(1) the amount of taxes and fees remitted by the trustee under this
article;
(2) the racetrack's surrounding community;
(3) the racetrack's employees; and
(4) the creditors of the owner of the racetrack.
(b) In balancing the interests described in subsection (a), a trustee
shall conduct gambling games at the racetrack in a manner that
enhances the credibility and integrity of gambling games in Indiana
while minimizing disruptions to tax revenues, fee remissions,
employment, and credit obligations.