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Terms Used In Indiana Code 20-25-5-3

  • 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.
  • losing school corporation: means a school corporation that loses territory to an acquiring school corporation by annexation. See Indiana Code 20-25-5-6
   Sec. 3. As used in this chapter, “annexed territory” means the territory acquired by an acquiring school corporation as a result of annexation from a losing school corporation.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-3-14-1.]

As added by P.L.1-2005, SEC.9.