Sec. 17. “Interest holder” means:
(1) a shareholder of a business corporation;
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Terms Used In Indiana Code 23-0.5-1.5-17
- 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.
(3) a general partner of a general partnership;
(4) a general partner of a limited partnership;
(5) a limited partner of a limited partnership;
(6) a member of a limited liability company; or
(7) any other direct holder of an interest.
As added by P.L.118-2017, SEC.5.
