71 Ind. Admin. Code 1-1-13

Current through December 4, 2024

Section 71 IAC 1-1-13 - "Beneficial interest" defined

Authority: IC 4-31-3-9

Affected: IC 4-31

Sec. 13.

"Beneficial interest" means profit, benefit, or advantage resulting from a contract or the ownership of an estate as distinct from legal ownership or control. When considered as a designation of the character of an estate, "beneficial interest" means such an interest as a devisee, legatee, or donee takes solely for his own use or benefit and not as a holder of title for the use and benefit of another.

71 IAC 1-1-13

Indiana Horse Racing Commission; 71 IAC 1-1-13; emergency rule filed Feb 10, 1994, 9:20 a.m.: 17 IR 1115; readopted filed Oct 30, 2001, 11:50 a.m.: 25 IR 899; readopted filed Mar 23, 2007, 11:31 a.m.: 20070404-IR-071070030RFA; readopted filed November 26, 2013, 11:25 a.m.: 20131225-IR-071130345RFA

Readopted filed 8/28/2019, 1:23 p.m.: 20190925-IR-071190319RFA

Readopted filed 8/3/2023, 12:49 p.m.: 20230830-IR-071230428RFA

Readopted filed 9/18/2024, 12:40 p.m.: 20241016-IR-071230796RFA