Sec. 4. As used in this chapter, "beneficial owner", when used with respect to any shares,
has the meaning set forth in IC 23-1-20-3.5. As added by P.L.149-1986, SEC.27. Amended by P.L.133-2009, SEC.37.
"Beneficial owner" defined
Ind. Code § 23-1-43-4, under Business Combinations.
Ind. Code § 23-1-43-4