Sec. 5. As used in this chapter, “person” means:

(1) an individual;

Terms Used In Indiana Code 15-16-1-5

  • 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.
  • 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.
  • Trustee: A person or institution holding and administering property in trust.
(2) a firm;

(3) a partnership;

(4) an association;

(5) a corporation;

(6) a company;

(7) a joint stock association;

(8) a body politic;

(9) an organized group of persons whether incorporated or not incorporated;

(10) a trustee;

(11) an assignee; or

(12) any other representative of an entity described in subdivisions (1) through (11).

[Pre-2008 Recodification Citation: 15-3-2-3(c).]

As added by P.L.2-2008, SEC.7.