Indiana Statutes
§ 30-2-12-5 — "Institution" defined
As used in this chapter, "institution" means any of the following:
(1)A person, other than an individual, that is organized and
operated exclusively for charitable purposes.
(2)The state, including any agency or instrumentality of the state,
or a unit of local government to the extent that the state or unit
holds funds exclusively for charitable purposes.
(3)A trust that has only charitable interests, including a trust:
(A)that previously had both charitable and noncharitable
interests; and
(B)the noncharitable interests of which were previously
terminated.
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Legislative History
As added by P.L.268-1989, SEC.1. Amended by P.L.199-1991,
SEC.1; P.L.266-1995, SEC.2; P.L.2-2007, SEC.356; P.L.226-2007,
SEC.11; P.L.3-2008, SEC.227.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions