Indiana Code 14-20-14-2. Powers and duties of nonprofit corporation
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Sec. 2. The corporation:
(2) shall supply reasonable space in the building for a county historical museum; and
(1) shall repair and maintain the building and grounds;
Terms Used In Indiana Code 14-20-14-2
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(3) may lease other space in the building to commercial enterprises that is necessary for the purpose of financing the repair and maintenance of the building and grounds.
[Pre-1995 Recodification Citation: 14-6-31-2.]
As added by P.L.1-1995, SEC.13.