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Terms Used In Indiana Code 5-28-21-22

  • 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.
  • incubator: means a facility in which space may be leased by a tenant and in which management provides access to business development services for use by tenants. See Indiana Code 5-28-21-3
  • sponsor: means an organization that enters into a written agreement with the corporation to:

    Indiana Code 5-28-21-4

  • tenant: means a sole proprietorship, partnership, limited liability company, or corporation operating a business and occupying space in an incubator. See Indiana Code 5-28-21-5
   Sec. 22. The corporation may establish one (1) or more advisory committees to assist the corporation in implementing this chapter. Advisory committee members may not be affiliated financially with a sponsor or tenant and must represent fields that can contribute to the sound operation of the incubator program (such as accounting, finance, law, education, and small business).

As added by P.L.4-2005, SEC.34.