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Terms Used In Indiana Code 20-26-3-6

  • 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.
  • Statute: A law passed by a legislature.
   Sec. 6. A state agency and other agencies may review or regulate the exercise of powers by a school corporation only to the extent prescribed by statute.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-1.5-6.]

As added by P.L.1-2005, SEC.10.