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Terms Used In Indiana Code 15-18-3-3

  • 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.
   Sec. 3. As used in this chapter, “person” means an individual, a firm, a limited liability company, a corporation, or an association.

[Pre-2008 Recodification Citation: 15-6-2-1(1).]

As added by P.L.2-2008, SEC.9.