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Terms Used In Indiana Code 20-27-2-5

  • 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. 5. “Fleet contract” means a contract between a school corporation and a fleet contractor in which the contractor promises to provide two (2) or more school buses and school bus drivers for student transportation.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-9.1-1-8.2.]

As added by P.L.1-2005, SEC.11.