{"data":{"id":"us-in/ic-20-47-2-9","jurisdiction":"us-in","citation":"IC 20-47-2-9","heading":"Permissible provisions of lease; payment of taxes; insurance","body":"Sec. 9. A lease entered into under this chapter may provide that as part of the lease rental for the school building or buildings the lessee or lessees shall:\n(1) pay all taxes and assessments levied against or on account of the leased property;\n(2) maintain insurance on the leased property for the benefit of the lessor corporation; and\n(3) assume all responsibilities for repair and alterations of the leased property during the term of the lease.","path":["TITLE 20. EDUCATION","ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS","Chapter 2. Public Holding Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-47-2-9","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"6a4d540f54df166b892dbce5b9f123163e08d3bf2cd10516fc16dd3e2376f3b9","source_id":"us-in","stale":false,"prev":"us-in/ic-20-47-2-8","next":"us-in/ic-20-47-2-10"},"notice":"GroundRules: Original legal text. Not legal advice."}