Terms Used In Indiana Code 7.1-3-7-2

  • 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.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
   Sec. 2. Persons Eligible for Permits. The commission may issue a distiller’s or a rectifier’s permit to a domestic corporation, or a foreign corporation admitted to do business in this state, if the corporation is qualified to obtain the necessary permit or license from the United States to own or operate an establishment to manufacture or rectify liquor.

[Pre-1973 Recodification Citations: 7-1-1-16; 7-1-1-17.]

Formerly: Acts 1973, P.L.55, SEC.1.