Indiana Code 6-3.1-10-2. “Qualified investment” defined
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Terms Used In Indiana Code 6-3.1-10-2
- 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.
- enterprise zone: means an enterprise zone created under IC 5-28-15. See Indiana Code 6-3.1-10-1
Sec. 2. As used in this chapter, “qualified investment” means the purchase of an ownership interest in a business located in an enterprise zone if the purchase is approved by the Indiana economic development corporation under section 8 of this chapter.
As added by P.L.9-1986, SEC.8. Amended by P.L.379-1987(ss), SEC.8; P.L.4-2005, SEC.57.