Indiana Code 16-22-8-38. Transfer of powers and duties from other political subdivision
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Terms Used In Indiana Code 16-22-8-38
- 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. 38. Whenever a power, an authority, or duty is imposed by this chapter upon the corporation or the corporation’s officers that on July 1, 1952, was imposed on another municipal corporation or political subdivision or the corporation’s or political subdivision’s officers, power, authority, or duty shall be exercised exclusively by the corporation.
[Pre-1993 Recodification Citation: 16-12-21-32.]
As added by P.L.2-1993, SEC.5.