Indiana Code 36-9-3-3.1. Transfer of urban mass transportation powers to public transportation corporation
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Terms Used In Indiana Code 36-9-3-3.1
- 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. 3.1. If an existing public transportation corporation operates within the boundaries of an authority established under section 2 or 3 of this chapter, the legislative body that established the public transportation corporation may adopt an ordinance to shift any of the powers set forth under IC 36-9-4 to the authority.
As added by P.L.235-1997, SEC.5.