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Terms Used In Indiana Code 5-1-12-1

  • 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. 1. The term “municipal corporation” means a county, township, city, town, or school corporation.

[Pre-Local Government Recodification Citation: 19-8-8-2.]

As added by Acts 1980, P.L.8, SEC.21.