Indiana Code 20-40-14-3. Application of other laws
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Terms Used In Indiana Code 20-40-14-3
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Statute: A law passed by a legislature.
Sec. 3. A school corporation shall maintain money received by gift, endowment, or under a federal statute in a special fund as required by law, including IC 20-35-4-7.
[2006 Recodification Citation: New.]
As added by P.L.2-2006, SEC.163.