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Terms Used In Indiana Code 20-27-9-14

  • 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. 14. The governing body of a school corporation that authorizes the operation of a school bus under sections 1 through 13 of this chapter shall file proof of financial responsibility as required by IC 9-25.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-9.1-5-8.]

As added by P.L.1-2005, SEC.11.