Indiana Code 5-28-20-4. “Minority business”
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Sec. 4. As used in this chapter, “minority business” means an individual, a partnership, a corporation, a limited liability company, or a joint venture of any kind that is owned and controlled by one (1) or more persons who are:
(2) members of a minority group.
(1) United States citizens; and
Terms Used In Indiana Code 5-28-20-4
- 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.
- minority group: means :
Indiana Code 5-28-20-5
- owned and controlled: means having:
Indiana Code 5-28-20-6
- 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.
- 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
As added by P.L.4-2005, SEC.34.