Indiana Code > Title 6 > Article 4.1 > Chapter 1 – Definitions and Rules of Construction
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Terms Used In Indiana Code > Title 6 > Article 4.1 > Chapter 1 - Definitions and Rules of Construction
- 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.
- Decedent: A deceased person.
- Fiduciary: A trustee, executor, or administrator.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lineal descendant: Direct descendant of the same ancestors.
- 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.
- Probate: Proving a will
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Statute: A law passed by a legislature.