Sec. 0.5. As used in this chapter, “contractor” means an individual or entity that:

(1) enters into a contractual relationship with a city, town, county, or township;

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Terms Used In Indiana Code 5-4-1-0.5

  • 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.
  • Fiduciary: A trustee, executor, or administrator.
(2) has a fiduciary relationship with or performs a fiscal responsibility for the city, town, county, or township; and

(3) is not insured, for purposes of the individual’s or entity’s accounts, by the Federal Deposit Insurance Corporation.

As added by P.L.188-2016, SEC.1.