Indiana Code 20-26-7-2. Property damage; insurance proceeds
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Terms Used In Indiana Code 20-26-7-2
- 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. 2. A governing body of a school corporation shall deposit insurance proceeds received as a result of damage to real or personal property in the school corporation’s operations fund.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-5-6.]
As added by P.L.1-2005, SEC.10. Amended by P.L.244-2017, SEC.47.