Requirements for proxy advisors.

Summary

The law creates a new Indiana Code chapter governing proxy advisors, forcing them to give clear disclosures whenever they advise against entity management without a written financial analysis, and to post a website notice of such advice. It also revises consumer‑protection statutes, defining deceptive acts, setting penalties, and allowing class actions. The changes affect proxy advisory firms, corporate shareholders, and any business that sells or advertises consumer products in Indiana.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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