Establishment; nonprofit subsidiary corporation

Ind. Code § 31-26-4.5-9
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 9. The department may establish a nonprofit subsidiary corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code to solicit and accept private funding, gifts, donations, bequests, devises, and contributions. As added by P.L.59-2022, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/31Fetched: 10/17/2026

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