Terms Used In Indiana Code 23-1-20-11

  • 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. “Foreign corporation” means a corporation for profit incorporated under a law other than the law of Indiana.

As added by P.L.149-1986, SEC.4.