Indiana Code 13-26-5-1. Prerequisites to exercising rights, powers, and duties
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Sec. 1. Upon:
(2) the qualification of the board; and
(1) the declaration of the commissioner organizing a district;
Terms Used In Indiana Code 13-26-5-1
- 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.
(3) the election of a president, a treasurer, and a secretary;
the district may exercise in the district’s own name, as a municipal corporation, all the rights, powers, and duties conferred upon the district by this article.
[Pre-1996 Recodification Citation: 13-3-2-10(a).]
As added by P.L.1-1996, SEC.16.