Indiana Code 15-18-5-5. “Person”
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Terms Used In Indiana Code 15-18-5-5
- 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.
- Fiduciary: A trustee, executor, or administrator.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Sec. 5. As used in this chapter, “person” means an individual, a partnership, a limited liability company, a public or private corporation, a political subdivision (as defined in IC 36-1-2-13), a cooperative, a society, an association, or a fiduciary.
[Pre-2008 Recodification Citation: 15-6-4-5.]
As added by P.L.2-2008, SEC.9.