Sec. 8. As used in this chapter, "net income" means the total receipts allocated to income during an accounting period minus the disbursements made from income during the period, plus or minus transfers under this chapter to or from income during the period.
Ind. Code § 30-2-14-8
"Net income" defined
Applied in 1 court decision — leading case Marshall & Ilsley Trust Co., N.A. v. Woodward (2006)
Most recently applied in Marshall & Ilsley Trust Co., N.A. v. Woodward (June 2006)
As added by P.L.84-2002, SEC.2.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.