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Terms Used In Indiana Code 4-37-2-5

  • 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.
   Sec. 5. The board shall appoint, subject to the governor’s approval, an individual to serve as chief executive officer of the corporation.

As added by P.L.167-2011, SEC.1.