Indiana Code 20-25-5-6. “Losing school corporation”
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Terms Used In Indiana Code 20-25-5-6
- acquiring school corporation: means the school corporation that acquires territory as a result of annexation. See Indiana Code 20-25-5-1
- 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. 6. As used in this chapter, “losing school corporation” means a school corporation that loses territory to an acquiring school corporation by annexation.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-3-14-1.]
As added by P.L.1-2005, SEC.9.