Indiana Code 3-5-2-34. “Organization”
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Terms Used In Indiana Code 3-5-2-34
- 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.
- Trustee: A person or institution holding and administering property in trust.
Sec. 34. “Organization” means a person that is not an individual. The term includes a business firm or corporation, a limited liability company, a labor organization, a religious organization, a political club, a trustee, a receiver, or any other type of association or group of individuals.
[Pre-1986 Recodification Citation: 3-4-1-15 part.]
As added by P.L.5-1986, SEC.1. Amended by P.L.8-1993, SEC.4.