Indiana Code > Title 5 > Article 1 > Chapter 12 – Payment of Bond Premiums
Current as of: 2023 | Check for updates
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§ 5-1-12-1 | “Municipal corporation” defined |
§ 5-1-12-2 | Premiums on bid prices to constitute part of fund to retire bond and pay interest thereon |
Terms Used In Indiana Code > Title 5 > Article 1 > Chapter 12 - Payment of Bond Premiums
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- 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.
- Decedent: A deceased person.
- Fiduciary: A trustee, executor, or administrator.
- Inter vivos: Transfer of property from one living person to another living person.
- Intestate: Dying without leaving a will.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
- Trustee: A person or institution holding and administering property in trust.