Sec. 7. (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.
As added by P.L.142-2009, SEC.28.
Structure Indiana Code
Title 4. State Offices and Administration
Article 35. Gambling Games at Racetracks
Chapter 12. Gambling Games Temporarily Conducted by a Trustee
4-35-12-1. Application of Chapter
4-35-12-3. Resolution Authorizing a Trustee to Conduct Gambling Games at a Racetrack
4-35-12-4. Effective Date of Power of Attorney
4-35-12-5. General Power of Attorney Law Applies
4-35-12-6. Trustee Requirements
4-35-12-8. Duty of Racetrack Owner to Sell a Racetrack at Which a Trustee Conducts Gambling Games
4-35-12-9. Operation of Related Properties
4-35-12-10. Trustee Compensation