§ 4-35-4-14 — Appointment of temporary trustee

(a) The commission may appoint a temporary
trustee for a particular gambling game facility at a racetrack if the
commission makes the following findings:
(1) That circumstances requiring a trustee to assume control of
the gambling game facility 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
gambling game facility.
(3) That there is not enough time to consider and approve a power
of attorney with respect to the gambling game facility 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 4-35-12.
(c) A trustee appointed by the commission under this section shall
serve until any of the following occur:
(1) The commission adopts a resolution under IC 4-35-12-3
authorizing a trustee appointed in an approved power of attorney
submitted by the permit holder to conduct gambling games under
IC 4-35-12.
(2) The commission revokes the trustee's authority to conduct
gambling games as provided by IC 4-35-12-12.
(3) A new permit holder assumes control of the racetrack,
gambling game facility, and related properties.
(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 13.2 of this chapter; and
(2) IC 4-35-12.

Legislative History

As added by P.L.142-2009, SEC.20. Amended by P.L.255-2015, SEC.26.