Ind. Code § 20-47-3-4

Current through P.L. 171-2024

Section 20-47-3-4 - Qualifications of lessor corporation

A school corporation or corporations 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.

IC 20-47-3-4

Pre-2006 Recodification Citation: 21-5-12-2.

As added by P.L. 2-2006, SEC.170.