Indiana Code 21-16-5-11. Debts incurred
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 21-16-5-11
- 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. 11. Debts incurred by the corporation under authority of this chapter do not represent or constitute a debt of the state of Indiana within the meaning of the provisions of the statutes of Indiana or the Constitution of the State of Indiana.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-4.]
As added by P.L.2-2007, SEC.257.