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Terms Used In Indiana Code 20-35-5-5

  • 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. The amount of money used from a participating school corporation‘s operations fund shall be determined by agreement among the participating school parties.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-1-6-20(b).]

As added by P.L.1-2005, SEC.19. Amended by P.L.2-2006, SEC.158; P.L.38-2014, SEC.7; P.L.244-2017, SEC.63.