Indiana Code 4-37-2-2. Corporation a public body corporate and politic
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Sec. 2. (a) The corporation is:
(2) an instrumentality of the state.
(1) a public body corporate and politic; and
Terms Used In Indiana Code 4-37-2-2
- 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.
(b) The corporation is separate from the state. However, the exercise by the corporation of its powers is an essential governmental function.
As added by P.L.167-2011, SEC.1.