Indiana Code 25-22.5-11-1. “Financial interest”
(1) directly; or
Terms Used In Indiana Code 25-22.5-11-1
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- health care entity: means an organization or a business that provides diagnostic, medical, or surgical services, dental treatment, or rehabilitative care. See Indiana Code 25-22.5-11-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
an ownership or investment interest in a health care entity.
(b) The term does not include the following:
(1) Ownership of investment securities (including shares or bonds, debentures, notes, or other debt instruments) that may be purchased on terms generally available to the public and that are:
(A) securities:
(i) listed on the New York Stock Exchange, the American Stock Exchange, any regional exchange in which quotations are published on a daily basis, or foreign securities listed on a recognized foreign, national, or regional exchange in which quotations are published on a daily basis; or
(ii) traded under the National Association of Securities Dealers, Inc. Automated Quotations System; and
(B) in a corporation that had, at the end of the corporation’s most recent fiscal year, or on average during the previous three (3) fiscal years, stockholder equity exceeding seventy-five million dollars ($75,000,000).
(2) Ownership of shares in a regulated investment company as defined in section 851(a) of the Internal Revenue Code of 1986, if such company had, at the end of the company’s most recent fiscal year, or on average during the previous three (3) fiscal years, total assets exceeding seventy-five million dollars ($75,000,000).
As added by P.L.217-2005, SEC.26.