Indiana Code 36-9-4-31. Board of directors; seal
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Terms Used In Indiana Code 36-9-4-31
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Sec. 31. The board of directors of a public transportation corporation may adopt a seal to be impressed upon its instruments and may provide for the impression of that seal by printed or lithographic facsimile. An executed instrument bearing the seal of the board is prima facie evidence of its execution by the board and that its execution was legally authorized by the board.
[Pre-Local Government Recodification Citation: 19-5-2-22 part.]
As added by Acts 1981, P.L.309, SEC.77.