Indiana Code > Title 23 > Article 1.3 > Chapter 3 – Benefit Corporation Status
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code > Title 23 > Article 1.3 > Chapter 3 - Benefit Corporation Status
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC