Sec. 40.2. (a) If a governing body passes a resolution to close a high school within the school corporation, the governing body shall develop a plan relating to the preservation or transfer of memorabilia, trophies, or other property that may have historical significance, as determined by the governing body.

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Terms Used In Indiana Code 20-26-5-40.2

  • 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.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
     (b) The plan described in subsection (a) must be made available for public inspection and posted on the school corporation’s Internet web site.

As added by P.L.216-2021, SEC.14.

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