Section 23-0.5-1.5-8 - "Entity"(a) "Entity" means: (1) a business corporation;(2) a nonprofit corporation;(3) a general partnership, including a limited liability partnership;(4) a limited partnership; or(5) a limited liability company.(b) The term does not include: (2) a business trust, a trust with a predominately donative purpose, or a charitable trust;(3) an association or relationship that: (A) is not listed in subsection (a); and(B) is not a partnership under the rules stated in IC 23-4-1-7 or a similar provision of the law of another jurisdiction;(5) a government or a governmental subdivision, agency, or instrumentality; or
(6) any other person that has: (A) a legal existence separate from any interest holder of that person; or(B) the power to acquire an interest in real property in its own name.Added by P.L. 118-2017,SEC. 5, eff. 1/1/2018.