Indiana Code 24-4-19-5. “Person”
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Terms Used In Indiana Code 24-4-19-5
- 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. 5. As used in this chapter, “person” means an individual, a firm, an association, a limited liability company, a partnership, a joint stock association, a trust, or a corporation.
As added by P.L.222-2013, SEC.3.