Indiana Code 20-44-3-9. Minimum balance
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Terms Used In Indiana Code 20-44-3-9
- 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.
- fund: refers to a levy excess fund established under IC 20-40-10-2. See Indiana Code 20-44-3-1
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
Sec. 9. If the amount that would be deposited in the fund of a school corporation for a particular calendar year is less than ten thousand dollars ($10,000), no money shall be deposited in the fund of the school corporation for that year.
[Pre-2006 Recodification Citation: 6-1.1-19-1.7(h).]
As added by P.L.2-2006, SEC.167. Amended by P.L.244-2017, SEC.93.