Indiana Code > Title 20 > Article 47 > Chapter 5 – Payment of Rent by Annexed School Corporation
Current as of: 2023 | Check for updates
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Other versions
| § 20-47-5-1 | Existing lease; obligation of annexing school corporation |
| § 20-47-5-2 | Property interest in lease; annexing school corporation; termination of obligations of annexed school corporation |
Terms Used In Indiana Code > Title 20 > Article 47 > Chapter 5 - Payment of Rent by Annexed School Corporation
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes personal and real property. See Indiana Code 1-1-4-5