Indiana Code 23-17-2-19. “Mutual benefit corporation”
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Sec. 19. “Mutual benefit corporation” means a domestic corporation that:
(2) is designated a mutual benefit corporation by another law; or
(1) is formed as a mutual benefit corporation under this title;
Terms Used In Indiana Code 23-17-2-19
- 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.
(3) is not a public benefit corporation or religious corporation.
As added by P.L.179-1991, SEC.1.