IC 20-47-3-4 — Qualifications of lessor corporation
Chapter 3. Private Holding Companies
Bills amending this section
Section text
Sec. 4. A school corporation, school corporations, or the public education corporation may enter into a lease or lease with option to purchase under this chapter only with: (1) a corporation organized under Indiana law or admitted to do business in Indiana; or (2) a religious organization (or the organization's agent) that is exempt from federal income taxation under Section 501 of the Internal Revenue Code.
As added by P.L.2-2006, SEC.170. Amended by P.L.101-2026, SEC.44.
Source: official publisher (2026 edition)