Terms Used In Indiana Code 5-10.4-9-5

  • 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. 5. A school corporation shall make the appropriations and payments required under this article and IC 5-10.2 from its education fund or operations fund in accordance with the categories of expenditures established under IC 20-42.5-3.

As added by P.L.217-2017, SEC.59. Amended by P.L.238-2019, SEC.7.