Limitation on payment of legal or other professional fee

Ind. Code § 20-47-4-7
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 7. A school corporation or the public education corporation may not pay a legal or other professional fee as the result of an exchange or a substitution under section 5 or 6 of this chapter. [Pre-2006 Recodification Citation: 21-5-9-2(b) part.] As added by P.L.2-2006, SEC.170. Amended by P.L.101-2026, SEC.60.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements