§ 23-2-5-1-38

'Ultimate equitable owner' means a person that, directly or indirectly, owns or controls ten percent (10%) or more of the equity interest in a loan broker, regardless of whether the person owns or controls the equity interest through:(1) one (1) or more other persons; or(2) one (1) or more proxies, powers of attorney, or variances.As added by P.L.175-2019, SEC.2.