{"data":{"id":"us-in/ic-5-28-20-6","jurisdiction":"us-in","citation":"IC 5-28-20-6","heading":"\"Owned and controlled\"","body":"Sec. 6. As used in this chapter, \"owned and controlled\" means having:\n(1) ownership of at least fifty-one percent (51%) of the enterprise, including corporate stock of a corporation;\n(2) control over the management and being active in the day to day operations of the business; and\n(3) an interest in the capital, assets, and profits and losses of the business proportionate to the percentage of ownership.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 28. INDIANA ECONOMIC DEVELOPMENT CORPORATION","Chapter 20. Small and Minority Business Financial Assistance Program"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-28-20-6","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"1d451fd5a77990789dc80b388697c8406acbc2202cdfdfe47a88f889a2b63e10","source_id":"us-in","stale":false,"prev":"us-in/ic-5-28-20-5","next":"us-in/ic-5-28-20-7"},"notice":"GroundRules: Original legal text. Not legal advice."}