Terms Used In Indiana Code 32-34-5-6

  • 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. 6. As used in this chapter, “person” means an individual, a nonprofit corporation, a trustee or legal representative, the state, a political subdivision (as defined in IC 36-1-2-13), an agency of the state or a political subdivision, or a group of those persons acting in concert.

[Pre-2002 Recodification Citation: 32-9-10-6.]

As added by P.L.2-2002, SEC.19.