Terms Used In Indiana Code 20-23-6-0.5

  • 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. 0.5. As used in this chapter, “subunit” refers to the geographic territory of a school corporation as the school corporation exists at the time the school corporation consolidates with one (1) or more other school corporations under section 12.5 of this chapter.

As added by P.L.169-2017, SEC.1.