§ 23-18-1-1 Citation of article
§ 23-18-1-2 Application of definitions
§ 23-18-1-3 “Articles of organization”
§ 23-18-1-4 “Business trust”
§ 23-18-1-5 “Contribution”
§ 23-18-1-6 “Corporation”
§ 23-18-1-7 “Distribution”
§ 23-18-1-8 “Event of dissociation”
§ 23-18-1-9 “Foreign limited liability company”
§ 23-18-1-10 “Interest”
§ 23-18-1-11 “Limited liability company” or “domestic limited liability company”
§ 23-18-1-12 “Limited partnership”
§ 23-18-1-13 “Majority in interest of the members”
§ 23-18-1-14 “Manager”
§ 23-18-1-15 “Member”
§ 23-18-1-16 “Operating agreement”
§ 23-18-1-17 “Person”
§ 23-18-1-18 “Principal office”
§ 23-18-1-19 “State”
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Terms Used In Indiana Code > Title 23 > Article 18 > Chapter 1 - 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.
  • 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.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Statute: A law passed by a legislature.
  • 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