Indiana Code 23-2.5-1-25. “Person”
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 23-2.5-1-25
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Sec. 25. “Person” means an individual, a partnership, a trust, a corporation, a limited liability company, a limited liability partnership, a sole proprietorship, a joint venture, a joint stock company, or another group or entity, however organized.
As added by P.L.175-2019, SEC.2.