§ 23-17-25-1 Duties and prohibitions
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Terms Used In Indiana Code > Title 23 > Article 17 > Chapter 25 - Private Foundations

  • 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.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5