Indiana Code > Title 20 > Article 51.4 > Chapter 2 – Definitions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code > Title 20 > Article 51.4 > Chapter 2 - Definitions
- 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.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5