IC 4-33-4-25: Appointment of temporary trustee

Sec. 25. (a) The commission may appoint a person to serve as a temporary trustee for a particular riverboat if the commission makes the following findings:

(1) That circumstances requiring a trustee to assume control of the riverboat are likely to occur.

(2) That the commission has not approved a power of attorney identifying any other person to serve as the trustee for the riverboat.

(3) That there is not enough time to consider and approve a power of attorney with respect to the riverboat before the circumstances found likely to occur under subdivision (1) will occur.

(b) A person appointed under this section must be qualified to perform any duty described in this section or IC 4-33-21.

(c) A trustee appointed by the commission under this section shall serve until any of the following occurs:

(1) The commission adopts a resolution under IC 4-33-21-3 authorizing a trustee appointed by an approved power of attorney to conduct gambling operations under IC 4-33-21 on the riverboat.

(2) The commission revokes the trustee's authority to conduct gambling operations under IC 4-33-21-12.

(3) A new licensed owner or operating agent assumes control of the riverboat.

(d) A trustee appointed by the commission under this section shall exercise the trustee's powers in accordance with:

(1) the model power of attorney established by the executive director under section 24.2 of this chapter; and

(2) IC 4-33-21.