Terms Used In Indiana Code 36-11-3-12

  • 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.
   Sec. 12. A district established under this chapter is not an independent municipal corporation.

As added by P.L.161-2002, SEC.2 and P.L.172-2002, SEC.7.