Indiana Code 24-5-23.5-2. “Appraisal company”
Current as of: 2023 | Check for updates
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Sec. 2. As used in this chapter, “appraisal company” means a sole proprietorship, firm, corporation, partnership, limited liability company, limited liability partnership, joint venture, trust, or other business unit or association that:
(2) holds itself out to the public as performing appraisals.
(1) performs appraisals on a regular basis for compensation through one (1) or more owners, officers, employees, or agents; or
Terms Used In Indiana Code 24-5-23.5-2
- 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.
As added by P.L.52-2009, SEC.2.