Indiana Code > Title 20 > Article 47 > Chapter 1 – Public Foundations
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Terms Used In Indiana Code > Title 20 > Article 47 > Chapter 1 - Public Foundations
- Bequest: Property gifted by will.
- 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.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- public school endowment corporation: means a corporation that is:
Indiana Code 20-47-1-2