Powers; lessor corporation; acquisition and financing of existing or improved school building

Ind. Code § 20-47-4-5
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 5. A lessor corporation qualified or formed to acquire a site, erect a school building on the site, and lease the school building to a school corporation or the public education corporation under IC 20-47-2 or IC 20-47-3 may: (1) be qualified or formed to acquire, improve, or expand an existing school building; (2) acquire, improve, or expand an existing school building; (3) finance an existing school building or improved school building; and (4) lease an existing school building or improved school building to a school corporation or the public education corporation under applicable law. [Pre-2006 Recodification Citation: 21-5-9-2(a).] As added by P.L.2-2006, SEC.170. Amended by P.L.101-2026, SEC.58.
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