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Ind. Code § 2-7-1-3.5

"Family business"

Indiana · Indiana Code Title 2 — General Assembly · Status: effective

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Ind. Code § 2-7-1-3.5, "Family business", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1598103
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Sec. 3.5. "Family business" means a business entity in which an individual and the individual's spouse own at least eighty percent (80%) of the business, either of the voting stock or other measure of ownership of that type of business entity, regardless of whether all or a portion is owned jointly or severally.