Indiana Code 20-47-1-2. “Public school endowment corporation”

Sec. 2. As used in this chapter, “public school endowment corporation” means a corporation that is:

(1) organized under the Indiana Nonprofit Corporation Act of 1991 (IC 23-17);

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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.

(2) organized exclusively for educational, charitable, and scientific purposes; and

(3) formed to provide educational resources to:

(A) a particular school corporation or school corporations; or

(B) the schools in a particular geographic area.

[Pre-2006 Recodification Citation: 20-26-5-21(a).]

As added by P.L.2-2006, SEC.170.