Terms Used In Indiana Code 20-44-3-7

  • 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.
  • fund: refers to a levy excess fund established under IC 20-40-10-2. See Indiana Code 20-44-3-1
   Sec. 7. A school corporation may transfer money from its fund to its other funds to reimburse those funds for amounts withheld from the school corporation as a result of refunds paid under IC 6-1.1-26.

[Pre-2006 Recodification Citation: 6-1.1-19-1.7(f).]

As added by P.L.2-2006, SEC.167.