Terms Used In Indiana Code 8-1-13-1

  • 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. 1. This chapter may be known and referred to as the “rural electric membership corporation act”.

Formerly: Acts 1935, c.175, s.1. As amended by P.L.59-1984, SEC.65.