27-11-5-2. Operation of not-for-profit institutions

IN Code § 27-11-5-2 (2019) (N/A)
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Sec. 2. A society may create, maintain, and operate or may establish organizations to operate not-for-profit institutions to further the purposes permitted by IC 27-11-2-3. Such institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held, or leased by the society for this purpose shall be reported in every annual statement.

As added by P.L.262-1985, SEC.1.