Sec. 7. "Organizer" means an entity that: (1) is a nonprofit corporation that is incorporated or registered in Indiana; (2) has been recognized by the Internal Revenue Service to be tax exempt and maintains such tax exempt status; and (3) has an independent board whose members have been elected or selected under the organizer's application and that has entered into a contract under this article to operate a charter school. [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5.5-1-9.]
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