Terms Used In Indiana Code 20-28-8-2.7

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
   Sec. 2.7. For a contract entered into or renewed after June 30, 2019, an initial contract entered into between the governing body of a school corporation and an assistant superintendent must be for a term of at least one (1) year and not more than three (3) years. However, a contract may be extended for not more than an additional three (3) years beyond the term of the original contract.

As added by P.L.152-2019, SEC.3.