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 .
‹ 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.