Indiana Code 32-22-3-3. “Foreign business entity”
Current as of: 2023 | Check for updates
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Sec. 3. (a) As used in this chapter, “foreign business entity” means:
(2) the equivalent of any entity described in subdivision (1).
(1) a corporation, professional corporation, nonprofit corporation, limited liability company, partnership, or limited partnership that is organized under the laws of another country; or
Terms Used In Indiana Code 32-22-3-3
- 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.
- Fiduciary: A trustee, executor, or administrator.
- foreign business entity: means :
Indiana Code 32-22-3-3
- 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.
- Trustee: A person or institution holding and administering property in trust.
(b) The term includes an agent, trustee, or fiduciary of the foreign business entity.
As added by P.L.156-2022, SEC.2.