Indiana § 20-47-4-5 Powers; lessor corporation; acquisition and financing of existing or
improved school building

Indiana Statutes

§ 20-47-4-5 — Powers; lessor corporation; acquisition and financing of existing or improved school building

Indiana § 20-47-4-5

Title 20EDUCATION

Art. 47RELATED ENTITIES; HOLDING COMPANIES;

Ch. 4Lease of Existing School Building

This text of Indiana § 20-47-4-5 (Powers; lessor corporation; acquisition and financing of existing or improved school building) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 20-47-4-5 (2026).

Text

A lessor corporation qualified or formed to acquire a site, erect a school building on the site, and lease the school building to a school corporation under IC 20-47-2 or IC 20-47-3 may:

(1)be qualified or formed to acquire, improve, or expand an existing school building;

(2)acquire, improve, or expand an existing school building;

(3)finance an existing school building or improved school building; and

(4)lease an existing school building or improved school building to a school corporation under applicable law. [Pre-2006 Recodification Citation: 21-5-9-2(a).]

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A lessor corporation qualified or formed to
acquire a site, erect a school building on the site, and lease the school
building to a school corporation under IC 20-47-2 or IC 20-47-3 may:
(1) be qualified or formed to acquire, improve, or expand an
existing school building;
(2) acquire, improve, or expand an existing school building;
(3) finance an existing school building or improved school
building; and
(4) lease an existing school building or improved school building
to a school corporation under applicable law.
[Pre-2006 Recodification Citation: 21-5-9-2(a).]