Sec. 16. The form of a preliminary or final comprehensive plan of reorganization is sufficient if the plan contains in its own terms or by reference the following for each proposed community school corporation:

(1) The name of the proposed community school corporation.

Terms Used In Indiana Code 20-23-4-16

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • community school corporation: means a school corporation:

    Indiana Code 20-23-4-3

  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(2) A general description of the boundaries of the community school corporation as provided in section 12 of this chapter.

(3) The number of members of the board of school trustees and whether the members are elected or appointed.

(4) The manner in which the board of school trustees, other than the interim board, is elected or appointed.

(5) If a school corporation is divided as part of the reorganization, the disposition of assets and liabilities of the school corporation.

(6) The statement required by section 12 of this chapter if that statement is submitted or adopted with the plan.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-4-1-12.]

As added by P.L.1-2005, SEC.7.

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