4-33-21-1. Application of Chapter
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 […]
4-33-21-2. Exercise of Powers Delegated by a Power of Attorney Prohibited Unless Authorized by the Commission
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.
4-33-21-3. Resolution Authorizing a Trustee to Conduct Gambling Operations
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. […]
4-33-21-4. Effective Date of Power of Attorney
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 […]
4-33-21-5. General Power of Attorney Law Applies
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.
4-33-21-6. Trustee Requirements
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 […]
4-33-21-7. Trustee’s Duties
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) […]
4-33-21-8. Riverboat Owner’s Duty to Sell a Riverboat Operated by a Trustee
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 […]
4-33-21-9. Operation of Related Properties
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.
4-33-21-10. Trustee Compensation
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 […]