Sec. 2. Should said payment or refund made as provided in section 1 of this chapter be comprised in whole or in part of stock in any corporation, such corporation may accept said stock for transfer as directed by the employer, former employer, or the trustee making such payment or refund, and shall be entitled to treat the transferee as the owner of the stock for all purposes unless and until the corporation has received at its home office written notice by or on behalf of some other person that the other person claims to be entitled to the stock or to some interest in the stock.
Formerly: Acts 1957, c.63, s.2. As amended by P.L.144-1986, SEC.19; P.L.136-2018, SEC.112.
Structure Indiana Code
Article 2. Wages, Hours, and Benefits
Chapter 12. Employee Benefit Plans
22-2-12-1. Payment or Refund of Wages; Estates of Decedents; Beneficiaries; Release of Employer
22-2-12-2. Corporate Stock; Payment or Refund; Release of Employer
22-2-12-3. Payment or Refund of Wages; Release of Employer; Application of Law
22-2-12-4. Employer's Failure to Make Payments; Notice; Damages