§ 8-1.5-1-1 Application
§ 8-1.5-1-2 “Acquisition”
§ 8-1.5-1-3 “Commission”
§ 8-1.5-1-4 “Disposition”
§ 8-1.5-1-5 “Executive”
§ 8-1.5-1-6 “Fiscal officer”
§ 8-1.5-1-7 “Legislative body”
§ 8-1.5-1-8 “Municipality”
§ 8-1.5-1-9 “Person”
§ 8-1.5-1-10 “Utility”; “municipally owned utility”; “public utility”
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Terms Used In Indiana Code > Title 8 > Article 1.5 > Chapter 1 - 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.
  • 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
  • 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.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Trustee: A person or institution holding and administering property in trust.