Terms Used In Indiana Code 21-16-5-6

  • 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. 6. The corporation is subject to audit by the state board of accounts. The corporation shall bear the full costs of this audit.

[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(e).]

As added by P.L.2-2007, SEC.257. Amended by P.L.181-2015, SEC.43.