Indiana Code > Title 27 > Article 14.5 > Chapter 1 – General Provisions and Definitions
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Terms Used In Indiana Code > Title 27 > Article 14.5 > Chapter 1 - General Provisions and Definitions
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Fiduciary: A trustee, executor, or administrator.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Trustee: A person or institution holding and administering property in trust.