Indiana Code > Title 23 > Article 1 > Chapter 41 – Sale of Assets
Current as of: 2024 | Check for updates
|
Other versions
| § 23-1-41-1 | Right to sell, lease, or otherwise dispose of corporate property; shareholder approval |
| § 23-1-41-2 | Sale, lease, or disposition of property other than in regular course of business |
Terms Used In Indiana Code > Title 23 > Article 1 > Chapter 41 - Sale of Assets
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Quorum: The number of legislators that must be present to do business.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5