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Terms Used In Indiana Code 20-23-16-5

  • 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.
   Sec. 5. School corporations adjacent to rejected segments of proposed reorganized school corporations shall accept on transfer, in the manner required by law, pupils of the rejected school corporation territory.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-4-1-27.]

As added by P.L.1-2005, SEC.7.