Indiana Code 6-9-53-12. Crime; Grouseland Foundation; improper transfer
Current as of: 2023 | Check for updates
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Sec. 12. (a) An officer, director, or trustee of the Grouseland Foundation, Inc., who knowingly:
For details, see Ind. Code § 35-50-2-7(2) approves a transfer for a purpose not permitted under law;
(1) approves the transfer of money received under this chapter to any person or corporation not qualified under law for that transfer; or
Attorney's Note
Under the Indiana Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Level 6 felony | between 6 mos. and 2 1/2 years | up to $10,000 |
Terms Used In Indiana Code 6-9-53-12
- 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.
- Trustee: A person or institution holding and administering property in trust.
commits a Level 6 felony.
(b) A person who receives a transfer of money under this chapter and knowingly uses that money for any purpose not permitted under this chapter commits a Level 6 felony.
As added by P.L.290-2019, SEC.16.