Terms Used In Indiana Code 7.1-1-3-10

  • 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. 10. The term “club” means an association or corporation which meets the requirements provided in IC 7.1-3-20-1.

[Pre-1973 Recodification Citation: 7-1-1-3(c).]

Formerly: Acts 1973, P.L.55, SEC.1. As amended by P.L.86-2018, SEC.84.