Sec. 31. The term “person” includes:

(1) a natural individual;

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Terms Used In Indiana Code 7.1-1-3-31

  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(2) a firm;

(3) a corporation;

(4) a partnership;

(5) a limited partnership;

(6) a limited liability company;

(7) an incorporated or unincorporated association; or

(8) other legal entity;

whether acting by themselves or by a servant, an agent, or an employee.

[Pre-1973 Recodification Citations: 7-1-1-3(1); 7-1-3-2; 7-2-1-19(b).]

Formerly: Acts 1973, P.L.55, SEC.1. As amended by P.L.105-1995, SEC.3.