Indiana Code 8-15.5-2-6. “Private entity”
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Terms Used In Indiana Code 8-15.5-2-6
- 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.
Sec. 6. “Private entity” means any individual, sole proprietorship, corporation, limited liability company, joint venture, general partnership, limited partnership, nonprofit entity, or other private legal entity. A governmental entity may provide services to a private entity without affecting the private status of the private entity and the ability to enter into a public-private agreement.
As added by P.L.47-2006, SEC.39. Amended by P.L.91-2014, SEC.19.