Indiana Code 16-23.5-2-10. Restriction on powers of the agency
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Terms Used In Indiana Code 16-23.5-2-10
- 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. 10. This chapter does not give the agency the power to levy taxes or issue bonds or confer upon the agency the status of a municipal corporation. The agency may act only on behalf of the county, as approved by the board of commissioners or county council under this chapter, and is considered to be an administrative instrumentality of the county.
[Pre-2007 Higher Education Recodification Citation: 20-12-30.3-8.]
As added by P.L.2-2007, SEC.191.