Indiana Statutes
§ 4-35-12-7 — Trustee's duties
Indiana·Art. 35 GAMBLING GAMES AT RACETRACKS·Ch. 12 Gambling Games Temporarily Conducted by a Trustee
(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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Legislative History
As added by P.L.142-2009, SEC.28.
Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency compliance