§ 28-6.2-1-6 — "Company" defined

Indiana § 28-6.2-1-6

• Jurisdiction: Indiana
• Art. 6.2: MUTUAL SAVINGS BANK HOLDING
• Ch. 1: Definitions

Text

(a) "Company" means:
(1) any corporation, partnership, business trust, joint venture,
association, or similar organization; or
(2) any other trust, unless by its terms it must terminate:
(A) within twenty-five (25) years; or
(B) not later than twenty-one (21) years and ten (10) months
after the death of any individual living on the effective date of
the trust.
(b) As used in subsection (a)(1), "similar organization" means a
combination of parties with the potential for or practical likelihood of
a continuing rather than temporary existence, in which the parties have
knowingly and voluntarily associated for a common purpose in
identifiable and binding relationships that govern the parties with
respect to either:
(1) the transferability and voting rights concerning any stock or
other indicia of participation in another entity; or
(2) the achievement of a common or shared objective, such as to
collectively manage or control another entity.

Legislative History

As added by P.L.122-1994, SEC.101.