Sec. 12. “Entity” includes the following:

(1) A domestic corporation or a foreign corporation.

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Terms Used In Indiana Code 23-17-2-12

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Statute: A law passed by a legislature.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(2) A corporation incorporated under IC 23-1 or a foreign corporation admitted to do business under IC 23-1.

(3) A corporation incorporated under any other statute.

(4) A for-profit or nonprofit unincorporated association.

(5) A corporation sole.

(6) A business trust, an estate, a partnership, a trust, and at least two (2) persons having a joint or common economic interest.

(7) A state, the United States, or a foreign government.

(8) A limited liability company or a foreign limited liability company.

As added by P.L.179-1991, SEC.1. Amended by P.L.8-1993, SEC.331.