Sec. 11. "Subsidiary" means, in relation to a person, a business entity in which the person owns at least fifty percent (50%) of the outstanding equity interests, calculated as if all outstanding rights to acquire equity interests in the entity had been exercised.
As added by P.L.93-2015, SEC.3.
Structure Indiana Code
Title 23. Business and Other Associations
Article 1.3. Benefit Corporations
23-1.3-2-1. Application of Corporation Law Definitions
23-1.3-2-2. Application of Definitions
23-1.3-2-3. "Benefit Corporation"
23-1.3-2-4. "Benefit Director"
23-1.3-2-5. "Benefit Enforcement Proceeding"
23-1.3-2-7. "General Public Benefit"
23-1.3-2-9. "Minimum Status Vote"