Indiana Code 27-2-18-1. “Asset acquisition” defined
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Sec. 1. (a) As used in this chapter, “asset acquisition” includes every purchase, lease, exchange, merger, consolidation, succession, or other acquisition.
(b) The term does not include the construction on or development of real property by or for the reporting insurer or the acquisition of materials for construction or development.
As added by P.L.251-1995, SEC.17.
Terms Used In Indiana Code 27-2-18-1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC