Indiana Code > Title 8 > Article 4 > Chapter 27 – Disposition of Foreclosed Foreign Railroad Property
Current as of: 2024 | Check for updates
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Other versions
| § 8-4-27-1 | Authority for purchase |
| § 8-4-27-2 | Acquiring corporation; certificate of articles of incorporation; filing; powers and duties |
Terms Used In Indiana Code > Title 8 > Article 4 > Chapter 27 - Disposition of Foreclosed Foreign Railroad Property
- 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.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- 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.