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Terms Used In Indiana Code 20-26-5-12

  • 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.
  • Statute: A law passed by a legislature.
   Sec. 12. Except for IC 20-26-4-1, IC 20-26-4-4, and IC 20-26-4-5, the powers given each school corporation in IC 20-26-1 through IC 20-26-5, IC 20-26-7, IC 20-40-12, and IC 20-48-1 and the limitations on those powers set out in IC 20-26-1 through IC 20-26-5, IC 20-26-7, IC 20-26-7.1, IC 20-40-12, and IC 20-48-1 may not be construed to limit the authority of the governing body given by any other statute or rule.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-6-1.]

As added by P.L.1-2005, SEC.10. Amended by P.L.2-2006, SEC.118; P.L.270-2019, SEC.10.