Indiana Code 4-4-28-2. “Community development corporation”
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Sec. 2. As used in this chapter, “community development corporation” means a private, nonprofit corporation:
(2) whose principal purpose includes the provision of:
(1) whose board of directors consists primarily of community representatives and business, civic, and community leaders; and
Terms Used In Indiana Code 4-4-28-2
- 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.
(A) housing;
(B) community based economic development projects; or
(C) social services;
that primarily benefit low income individuals and communities.
As added by P.L.15-1997, SEC.1. Amended by P.L.4-1999, SEC.1.