Indiana Code 23-1-20-17.5. “Other entity”
Current as of: 2024 | Check for updates
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Sec. 17.5. “Other entity” means:
(2) a limited liability partnership;
(1) a limited liability company;
Terms Used In Indiana Code 23-1-20-17.5
- 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 limited partnership;
(4) a general partnership;
(5) a business trust;
(6) a real estate investment trust; or
(7) any entity that:
(A) is formed under the requirements of applicable law; and
(B) is not a corporation.
As added by P.L.133-2009, SEC.12.