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Terms Used In Indiana Code 20-23-18-8

  • 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.
  • Statute: A law passed by a legislature.
   Sec. 8. The Muncie Community school corporation may not receive a decrease in state funding based solely upon the Muncie Community school corporation’s status as a distressed school corporation under IC 6-1.1-20.3 or solely because of the implementation of a waiver of a statute or rule that is allowed to be waived by the Muncie Community school corporation.

As added by P.L.213-2018(ss), SEC.22.