Indiana Code 20-26-15-14. Legality of actions taken following cessation of freeway school or freeway school corporation
Current as of: 2024 | Check for updates
|
Other versions
Sec. 14. (a) This section applies to:
(2) a school that has ceased to be a freeway school.
(1) a school corporation that has ceased to be a freeway school corporation; and
Terms Used In Indiana Code 20-26-15-14
- Contract: A legal written agreement that becomes binding when signed.
- contract: refers to a contract entered into under this chapter for the establishment of:
Indiana Code 20-26-15-1
- 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.
- freeway school: refers to :
Indiana Code 20-26-15-2
- Statute: A law passed by a legislature.
(b) If an action taken by a school corporation or school described in subsection (a) while a contract was in effect was legal at the time the action was taken because of the waiver of a statute or rule in the contract, the action remains legal after the contract becomes void.
(c) An action taken by a school corporation or school described in subsection (a) after the date on which a contract becomes void must be in compliance with existing statutes and rules.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-62-14.]
As added by P.L.1-2005, SEC.10.