Sec. 3.5. As used in this chapter, "prohibited person" includes: (1) an individual who is a citizen of a foreign adversary (as defined in 15 CFR 791.4); 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 791.4); 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 791.4); or (B) headquartered in a foreign adversary (as defined in 15 CFR 791.4). 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 791.4) and the United States or an individual who is a lawful permanent resident of the United States.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.