Indiana Code 14-21-3-5. Exceptions
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Sec. 5. This chapter does not apply to the following:
(2) A corporation organized under IC 8-1-13.
(1) A public utility (as defined in IC 8-1-2-1(a)).
Terms Used In Indiana Code 14-21-3-5
- 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.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) A municipally owned utility (as defined in IC 8-1-2-1(h)).
(4) Property that has been subject to bonding or other financial assurances released by the appropriate governmental agency after compliance with applicable state laws.
As added by P.L.46-2000, SEC.11.