Sec. 1. Whenever used in this chapter:
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Terms Used In Indiana Code 22-2-9-1
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) The term “wages” means all amounts at which the labor or service rendered is recompensed, whether the amount is fixed or ascertained on a time, task, piece, or commission basis, or in any other method of calculating such amount.
Formerly: Acts 1939, c.95, s.1. As amended by P.L.144-1986, SEC.13; P.L.8-1993, SEC.276.
