Indiana Code 1-1-5-3. Special acts incorporating corporations
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Terms Used In Indiana Code 1-1-5-3
- 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. 3. The repeal or expiration of a special act incorporating a corporation has no effect on the subsequent reorganization of the corporation under a general statute.
As added by P.L.1-1989, SEC.3. Amended by P.L.16-2009, SEC.1.