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§ 20-47-3-7 — Indiana Law | CourtGPT
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  4. Title 20 - Education/
  5. Article 47 - Related Entities; Holding Companies; Lease Agreements/
  6. Chapter 3 - Private Holding Companies20-47-3-1. Application/
  7. § 20-47-3-7
Indiana Legal Code

§ 20-47-3-7

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A lease entered into under this chapter may provide that as a part of the lease rental for the school building or buildings the lessee or lessees shall:(1) pay all taxes and assessments levied against or on account of the leased property;(2) maintain insurance on the leased property for the benefit of the lessor corporation; and(3) assume all responsibilities for repair and alterations of the leased property during the term of the lease.[Pre-2006 Recodification Citation: 21-5-12-5.]As added by P.L.2-2006, SEC.170.