Sec. 1. This chapter applies only to a trustee acting under the authority of: (1) a resolution adopted by the commission authorizing the trustee to conduct gambling operations under this chapter; and (2) either of the following: (A) A written power of attorney approved by the commission under IC 4-33-6-2(c), IC 4-33-6-22, IC 4-33-6.5-2(c), or […]
Sec. 10. A trustee is entitled to reasonable compensation for carrying out the duties imposed upon the trustee under this chapter. The trustee’s compensation must be: (1) approved by the commission; and (2) paid by the owner of the riverboat that is the subject of a resolution described in section 3 of this chapter. As […]
Sec. 11. A licensed owner or an operating agent shall purchase liability insurance, in an amount determined by the commission, to protect the trustee appointed to conduct gambling operations on behalf of the licensed owner or operating agent from liability for any act or omission by the trustee occurring within the scope of the trustee’s […]
Sec. 12. (a) Except as provided in subsection (b), the commission may after a public meeting revoke, modify, or amend a resolution authorizing a trustee to conduct gambling operations under this chapter upon a showing of good cause. A public meeting held under this subsection may be conducted by the commission or the executive director. […]
Sec. 2. A person may not exercise any powers delegated by a power of attorney described by section 1(2) of this chapter unless the commission adopts a resolution under section 3 of this chapter. As added by P.L.142-2009, SEC.16.
Sec. 3. The commission may adopt a resolution authorizing a trustee to temporarily conduct gambling operations on a riverboat if any of the following occurs with respect to that particular riverboat: (1) The commission revokes the owner’s license or operating agent contract. (2) The commission declines to renew the owner’s license or operating agent contract. […]
Sec. 4. A power of attorney designating a trustee to conduct gambling operations on a riverboat is effective on the date designated by the commission in a resolution authorizing the trustee to commence gambling operations. The power of attorney remains in effect until the date the trusteeship established by the operation of the power of […]
Sec. 5. (a) IC 30-5 applies to a trustee exercising powers under this chapter. (b) For purposes of IC 30-5, a trustee is an attorney in fact. As added by P.L.142-2009, SEC.16.
Sec. 6. A trustee who conducts gambling operations on a riverboat: (1) must: (A) be eligible to receive an occupational license under IC 4-33-8; and (B) satisfy the requirements of any rule adopted by the commission under IC 4-33-8-4; (2) must conduct the gambling operations within the same standards for character, reputation, and financial integrity […]
Sec. 7. (a) A trustee acting under the authority of this chapter must fulfill the trustee’s duties as a fiduciary for the owner of the riverboat. In addition, the trustee shall consider the effect of the trustee’s actions upon: (1) the amount of taxes remitted by the trustee under IC 4-33-12 and IC 4-33-13; (2) […]
Sec. 8. (a) A person who directly or indirectly owns a riverboat that is the subject of a resolution described in section 3 of this chapter has one hundred eighty (180) days after the date on which the commission adopts the resolution to sell the riverboat (and its related properties described in section 9 of […]
Sec. 9. A trustee acting under the authority of this chapter may conduct the operations of any hotel, restaurant, golf course, or other amenity related to the riverboat operation. As added by P.L.142-2009, SEC.16.
