Terms Used In Indiana Code 36-1-2-12

  • 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.
  • Fiduciary: A trustee, executor, or administrator.
Sec. 12. “Person” means individual, firm, limited liability company, corporation, association, fiduciary, or governmental entity.

[Local Government Recodification Citation: New.]

As added by Acts 1980, P.L.211, SEC.1. Amended by P.L.8-1993, SEC.512.