4); or(2) a business entity that is:(A) wholly owned by, or the majority of stock or other ownership interest of the business entity is held or controlled by:(i) individuals who are citizens of a foreign adversary (as defined in 15 CFR 7.4); or(ii) a business entity or another entity, including a governmental entity, that is owned or controlled by citizens of, or is directly controlled by the government of, a foreign adversary (as defined in 15 CFR 7.4); or(B) headquartered in a foreign adversary (as defined in 15 CFR 7.4).The term, as used in subdivisions (1) and (2)(A)(i), does not include an individual who holds dual citizenship with a foreign adversary (as defined in 15 CFR 7.4) and the United States or an individual who is a lawful permanent resident of the United States.As added by P.L.168-2024, SEC.4.
Indiana Legal Code