Indiana Code 27-15-16-1. Parent company
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Sec. 1. A parent company under this article:
(2) shall employ at least five hundred (500) persons or a substantial percentage of its workforce in Indiana;
(1) shall locate its executive offices in Indiana;
Terms Used In Indiana Code 27-15-16-1
- 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.
(3) shall be organized under the laws of Indiana; and
(4) may be:
(A) a corporation organized for the purpose of serving as a holding company for the former mutual or a corporation that, before the conversion, was a subsidiary of the converting mutual; or
(B) any other existing or newly created corporation.
As added by P.L.94-1999, SEC.3.