Indiana Code > Title 7.1 > Article 5 > Chapter 8 – Miscellaneous Prohibited Activities
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Terms Used In Indiana Code > Title 7.1 > Article 5 > Chapter 8 - Miscellaneous Prohibited Activities
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.