Sec. 8. (a) A person who directly or indirectly owns a riverboat that is the subject of a resolution described in section 3 of this chapter has one hundred eighty (180) days after the date on which the commission adopts the resolution to sell the riverboat (and its related properties described in section 9 of this chapter) to another person who:
(1) satisfies the requirements of this article for obtaining an owner's license; and
(2) is approved by the commission.
(b) If the person is unable to sell the riverboat (and its related properties described in section 9 of this chapter) in the time required by subsection (a), the trustee may take any action necessary to sell the properties to another person who:
(1) satisfies the requirements of this article for obtaining an owner's license; and
(2) is 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