Terms Used In Indiana Code 14-25-3-1

  • 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.
   Sec. 1. As used in this chapter, “person” means an individual, a firm, a limited liability company, a corporation, an association, or a governmental agency. However, for purposes of sections 6 through 10 of this chapter, the term does not include a public utility privately or publicly owned engaged in supplying or furnishing public utility service to the residents and business institutions of a city, town, or public institution within a restricted use area.

[Pre-1995 Recodification Citation: 13-2-2-5(a) part.]

As added by P.L.1-1995, SEC.18.