Indiana Code 6-4.1-1-3.5. “Entity”
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 6-4.1-1-3.5
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Sec. 3.5. “Entity” refers to a partnership, limited partnership, limited liability partnership, association, corporation, limited liability company, trust, or similar entity.
As added by P.L.149-2012, SEC.1.