Indiana Code 8-2.1-25-3. “Organization” defined
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Terms Used In Indiana Code 8-2.1-25-3
- 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.
- organization: means an entity that is not an individual. See Indiana Code 8-2.1-25-3
Sec. 3. As used in this chapter, “organization” means an entity that is not an individual. The term includes a public or private school, a business firm or corporation, a labor organization, a religious organization, a political club, or any other type of association or group of individuals.
As added by P.L.86-1997, SEC.1.