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Terms Used In Indiana Code 36-1-9.5-10

  • 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.
  • entity: means the following:

    Indiana Code 36-1-9.5-11

  • 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.
   Sec. 10. As used in this chapter, “contractor” means an individual, a partnership, a firm, a limited liability company, a corporation, or other person contracting with or desiring to contract with an entity for performance of prescribed work.

As added by P.L.85-1991, SEC.3. Amended by P.L.8-1993, SEC.514.