Indiana Code 5-28-26-21. Corporation discretion to revoke global commerce center designation
Current as of: 2023 | Check for updates
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Sec. 21. (a) The corporation may revoke the corporation’s designation of a global commerce center pilot program at the discretion of the corporation.
(b) Notwithstanding a revocation made under subsection (a), a debt or an obligation incurred during the period in which the global commerce center pilot program was in effect remains valid and payable.
As added by P.L.203-2005, SEC.2.
Terms Used In Indiana Code 5-28-26-21
- 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.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.