Indiana Code 12-15-34-7. Contracts; maximum term
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Sec. 7. A contract made with the following may be for a term not to exceed three (3) years:
(2) A business firm.
(1) A public or private agency.
Terms Used In Indiana Code 12-15-34-7
- 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.
(3) A foundation.
(4) A corporation.
[Pre-1992 Revision Citation: 12-1-7.5-3 part.]
As added by P.L.2-1992, SEC.9.