Indiana Statutes
§ 4-32.3-2-25.5 — "Professional sports team foundation"
Indiana § 4-32.3-2-25.5
This text of Indiana § 4-32.3-2-25.5 ("Professional sports team foundation") 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 § 4-32.3-2-25.5 (2026).
Text
5. "Professional sports team foundation" means a bona fide charitable organization that meets the following requirements:
(1)The organization:
(A)operates; and
(B)is in existence;
in Indiana.
(2)The organization has a constitution, articles, charter, or bylaws
that contain a clause that provides that upon dissolution all
remaining assets shall be used for the organization's stated
purposes.
(3)The organization is exempt from federal income taxation
under Section 501(c)(3) of the Internal Revenue Code.
(4)The organization is affiliated with a franchise in the National
Football League, the National Basketball Association, or Major
League Baseball.
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Legislative History
As added by P.L.114-2023, SEC.1.
Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency complianceCite This Page — Counsel Stack
Bluebook (online)
Indiana § 4-32.3-2-25.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/4-32.3-2-25.5.