Indiana Code 8-8-7-1. Scope of law
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Terms Used In Indiana Code 8-8-7-1
- 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.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 1. The provisions of this chapter apply to any corporation or to any person or persons while engaged as common carriers in the transportation by railroad of passengers or property within this state to which the regulative power of this state extends.
Formerly: Acts 1911, c.60, s.1. As amended by P.L.384-1987(ss), SEC.81.