Indiana § 20-47-3-4 - Qualifications of lessor corporation
Full text of Indiana Indiana Code § 20-47-3-4 — Qualifications of lessor corporation, with citation guidance and answers to common questions.
§ 20-47-3-4. Qualifications of lessor corporation
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.
[Pre-2006 Recodification Citation: 21-5-12-2.]
As added by P.L.2-2006, SEC.170. Amended by P.L.101-2026, SEC.44.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-47-3-4
What does Indiana Code § 20-47-3-4 cover?
Section 20-47-3-4 ("Qualifications of lessor corporation") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-47-3-4?
A common citation format is "Indiana Code § 20-47-3-4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-47-3-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.