Indiana Code > Title 21 > Article 32 > Chapter 1 – General Provisions; Definitions
Current as of: 2023 | Check for updates
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Other versions
| § 21-32-1-1 | Definitions |
| § 21-32-1-2 | “Bonds” |
| § 21-32-1-3 | “Obligations” |
| § 21-32-1-4 | “Person” |
Terms Used In Indiana Code > Title 21 > Article 32 > Chapter 1 - General Provisions; Definitions
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.