Indiana Code 20-23-10-3. “Merger”
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Terms Used In Indiana Code 20-23-10-3
- 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.
- merger: means the merger of all the school corporations in a county into a single school corporation in which the rights and obligations of each school corporation, including the right to receive tax and other money, are transferred into a new corporation to be known in this chapter as the merged corporation. See Indiana Code 20-23-10-3
Sec. 3. As used in this chapter, “merger” means the merger of all the school corporations in a county into a single school corporation in which the rights and obligations of each school corporation, including the right to receive tax and other money, are transferred into a new corporation to be known in this chapter as the merged corporation.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-4-19-1(e).]
As added by P.L.1-2005, SEC.7.