Indiana Code 20-18-2-25. “Transferor corporation”; “transferee corporation”
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Terms Used In Indiana Code 20-18-2-25
- 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.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Sec. 25. “Transferor corporation” and “transferee corporation” refer, respectively, in transfer situations to the school corporation of a student’s legal settlement and the school corporation where the student attends school.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-8.1-1-7.2.]
As added by P.L.1-2005, SEC.2.