Sec. 8. (a) "Entity" means: (1) a business corporation; (2) a nonprofit corporation; (3) a general partnership, including a limited liability partnership; (4) a limited partnership; or (5) a limited liability company. (b) The term does not include: (1) an individual; (2) a business trust, a trust with a predominately donative purpose, or a charitable trust; (3) an association or relationship that: (A) is not listed in subsection (a); and (B) is not a partnership under the rules stated in IC 23-4-1-7 or a similar provision of the law of another jurisdiction; (4) a decedent's estate; (5) a government or a governmental subdivision, agency, or instrumentality; or (6) any other person that has: (A) a legal existence separate from any interest holder of that person; or (B) the power to acquire an interest in real property in its own name.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.