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Terms Used In Indiana Code 20-47-4-7

  • 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.
   Sec. 7. A school corporation may not pay a legal or other professional fee as the result of an exchange or a substitution under section 5 or 6 of this chapter.

[Pre-2006 Recodification Citation: 21-5-9-2(b) part.]

As added by P.L.2-2006, SEC.170.