Indiana Code 14-33-9-9. District not considered municipal corporation
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Terms Used In Indiana Code 14-33-9-9
- 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.
Sec. 9. A district is not considered a municipal corporation with respect to limitations on the amount of the district’s indebtedness irrespective of how that indebtedness is secured in a pledge of the district.
[Pre-1995 Recodification Citation: 13-3-3-74(c).]
As added by P.L.1-1995, SEC.26.