Indiana Code > Title 20 > Article 23 > Chapter 16 – School Corporation Organization; Miscellaneous Provisions
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Terms Used In Indiana Code > Title 20 > Article 23 > Chapter 16 - School Corporation Organization; Miscellaneous Provisions
- 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.
- Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
- Trustee: A person or institution holding and administering property in trust.