Sec. 124. “Person” means an individual, a firm, a
partnership, an association, a
fiduciary, an
executor or administrator, a governmental entity, a limited liability company, a
corporation, a sole proprietorship, a trust, an estate, or another entity, except as defined in the following sections:
(1) IC 9-20-14-0.5.
Terms Used In Indiana Code 9-13-2-124
- 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.
- Executor: A male person named in a will to carry out the decedent
- Fiduciary: A trustee, executor, or administrator.
- 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.
(3) IC 9-32-2-18.6.
[Pre-1991 Recodification Citations: subsection (a) formerly 9-1-1-2(n); 9-2-1-2 part; 9-3-1-1 part; 9-4-1-11 part; 9-7-3-1(a) part; 9-9-1.1-2 part; Part new; subsection (b) formerly 9-8-1-6; 9-8-1.6-1 part; subsection (c) formerly 9-10-1-1 part.]
As added by P.L.2-1991, SEC.1. Amended by P.L.95-1991, SEC.3; P.L.8-1993, SEC.169; P.L.89-1996, SEC.1; P.L.180-2015, SEC.4; P.L.151-2015, SEC.13; P.L.180-2015, SEC.5; P.L.198-2016, SEC.145.
