Sec. 28. As used in this chapter, “person” means:

(1) an individual;

Terms Used In Indiana Code 15-16-4-28

  • 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.
  • Fiduciary: A trustee, executor, or administrator.
  • 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.
(2) a partnership;

(3) an association;

(4) a fiduciary;

(5) a corporation; or

(6) an organized group of persons;

whether incorporated or not.

[Pre-2008 Recodification Citation: 15-3-3.5-2(22).]

As added by P.L.2-2008, SEC.7. Amended by P.L.91-2020, SEC.5.