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(1) No person shall knowingly or with deliberate indifference permit human trafficking activity to occur on a property or in connection with the activities of a business owned by such person.
(2) For the purposes of this Chapter 10-2300, a natural person shall be considered to own a property or business if such natural person has an equity interest that exceeds one or more of the following, regardless of whether the natural person has a direct equity interest or an equity interest that is held through one or more tiers of a corporate structure, such as a parent-subsidiary structure: (a) twenty-four percent (24%) of the value of such property or business, or (b) twenty-four percent (24%) of the value of the owner of such property or business. If no natural person has an equity interest that exceeds twenty-four percent (24%) of such value, and an owner of such business or property is not a publicly traded corporation, the four natural persons who have the largest equity interest in such business or property shall be considered to own the business or property.
(3) For the purposes of this Chapter 10-2300, no person shall be considered to own a property before title has transferred to such person solely because such person has signed an agreement of sale for such property.