Indiana Code 32-33-10.5-5. “Person”
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 32-33-10.5-5
- 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.
- person: includes a natural person, a firm, a partnership, an association, a corporation, a limited liability company, and a political subdivision. See Indiana Code 32-33-10.5-5
Sec. 5. As used in this chapter, “person” includes a natural person, a firm, a partnership, an association, a corporation, a limited liability company, and a political subdivision.
As added by P.L.172-2019, SEC.2. Amended by P.L.211-2019, SEC.42.