Indiana Code 36-9-4-40. Board of directors; power to fulfill purposes of corporation
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Terms Used In Indiana Code 36-9-4-40
- 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.
Sec. 40. The board of directors of a public transportation corporation may carry out the purposes of the corporation.
[Pre-Local Government Recodification Citation: 19-5-2-22 part.]
As added by Acts 1981, P.L.309, SEC.77.