{"data":{"id":"us-in/ic-20-47-3-4","jurisdiction":"us-in","citation":"IC 20-47-3-4","heading":"Qualifications of lessor corporation","body":"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:\n(1) a corporation organized under Indiana law or admitted to do business in Indiana; or\n(2) a religious organization (or the organization's agent) that is exempt from federal income taxation under Section 501 of the Internal Revenue Code.","path":["TITLE 20. EDUCATION","ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS","Chapter 3. Private Holding Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-47-3-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"6b4da734a6f61bf1ac3eed4bf994f06ffe8bfa0e41d3fd6732114b3d2389c1ac","source_id":"us-in","stale":false,"prev":"us-in/ic-20-47-3-3","next":"us-in/ic-20-47-3-5"},"notice":"GroundRules: Original legal text. Not legal advice."}