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Terms Used In Indiana Code 20-25.7-2-1

  • 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. 1. The general assembly recognizes that to further the goals of high quality public education throughout Indiana, each school corporation and public school should have the freedom to create the optimal learning environment. The general assembly finds that this can be accomplished by allowing for greater flexibility, innovation, and efficiency. Further, the general assembly recognizes the importance of retaining and attracting the nation’s best teachers by allocating significantly more resources into the classroom and giving teachers freedom from burdensome regulations.

As added by P.L.214-2015, SEC.2.