As used in this chapter, "nonprofit organization" means one (1) of the following:
- (1) A domestic corporation (as defined in IC 23-17-2-11 ).
- (2) A foreign corporation (as defined in IC 23-17-2-13 ).
- (3) An entity that is exempt from federal income tax under Section 501(c) of the Internal Revenue Code.
- (4) An entity that has submitted an application with the Internal Revenue Service for recognition of an exemption under Section 501(c) of the Internal Revenue Code.
As added by P.L.221-2023, SEC.2.