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Terms Used In Indiana Code 15-15-2-2

  • 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.
  • Trustee: A person or institution holding and administering property in trust.
   Sec. 2. As used in this chapter, “person” means an individual, a firm, a limited liability company, a corporation, a trustee, a receiver, or an assignee for the benefit of creditors.

[Pre-2008 Recodification Citation: 15-4-4-10.]

As added by P.L.2-2008, SEC.6.