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Terms Used In Indiana Code 20-41-1-2

  • 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. Any self-supporting programs maintained by a school corporation, excluding school lunch, may be established as a separate fund, separate and apart from any other school corporation fund, if no local tax rate is established for the programs.

[Pre-2006 Recodification Citation: 21-2-11-5.]

As added by P.L.2-2006, SEC.164. Amended by P.L.286-2013, SEC.119; P.L.238-2019, SEC.16; P.L.201-2023, SEC.190; P.L.58-2023, SEC.7; P.L.201-2023, SEC.191.