Establishment; nonprofit subsidiary corporation

Ind. Code § 31-26-4.5-9, under Insuring Foster Youth Trust Program.

Ind. Code § 31-26-4.5-9

Sec. 9. The department may establish a nonprofit subsidiary corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code to solicit and accept private funding, gifts, donations, bequests, devises, and contributions. As added by P.L.59-2022, SEC.2.