Indiana Code 20-26-4-8. Approval of contracts
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Terms Used In Indiana Code 20-26-4-8
- Contract: A legal written agreement that becomes binding when signed.
- 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. 8. Notwithstanding any other law, the president and secretary of the governing body of a school corporation are entitled, on behalf of the school corporation, to sign any contract, including employment contracts and contracts for goods and services. However, each contract must be approved by a majority of all members of the governing body. In the absence of either the president or secretary of the governing body, the vice president is entitled to sign the contracts with the officer who is present.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-3-8.]
As added by P.L.1-2005, SEC.10.