Indiana Code 16-22-9-10. Abandonment of proceedings
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Terms Used In Indiana Code 16-22-9-10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 10. If the nonprofit hospital corporation elects to abandon the condemnation proceedings, the corporation shall pay the expenses or losses actually incurred by the condemning authority arising out of the condemnation proceedings. The nonprofit hospital corporation may enter into the defense against claims or demands arising out of the condemnation proceedings.
[Pre-1993 Recodification Citation: 16-12-22-4 part.]
As added by P.L.2-1993, SEC.5.