Sec. 3. The commission may adopt a resolution authorizing a trustee to temporarily conduct gambling operations on a riverboat if any of the following occurs with respect to that particular riverboat:
(1) The commission revokes the owner's license or operating agent contract.
(2) The commission declines to renew the owner's license or operating agent contract.
(3) A proposed transferee is denied an owner's license under this article when attempting to purchase the riverboat and obtain an owner's license, but the person who attempted to sell the riverboat is unable or unwilling to retain ownership or control of the riverboat.
(4) A proposed transferee is denied an operating agent contract under this article when attempting to purchase the riverboat subject to IC 4-33-6.5, but the person who attempted to sell the riverboat is unable or unwilling to retain ownership or control of the riverboat.
(5) A licensed owner or an operating agent agrees in writing to relinquish control of a riverboat to a trustee as approved by the commission.
As added by P.L.142-2009, SEC.16.
Structure Indiana Code
Title 4. State Offices and Administration
Article 33. Riverboat Gambling
Chapter 21. Riverboat Operations Temporarily Conducted by a Trustee
4-33-21-1. Application of Chapter
4-33-21-3. Resolution Authorizing a Trustee to Conduct Gambling Operations
4-33-21-4. Effective Date of Power of Attorney
4-33-21-5. General Power of Attorney Law Applies
4-33-21-6. Trustee Requirements
4-33-21-8. Riverboat Owner's Duty to Sell a Riverboat Operated by a Trustee
4-33-21-9. Operation of Related Properties
4-33-21-10. Trustee Compensation