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Indiana Code Title 23. Business and Other Associations § 23-0.5-1.5-8

Current as of January 02, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-0.5-1.5-8 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-0-5-1-5-8/

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