Sec. 30. (a) For purposes of this article, each of the following, identified as a shareholder in a corporation's current record of shareholders, constitutes one (1) shareholder:
(1) Three (3) or fewer coowners. However, if there are four (4) or more coowners, each coowner shall be counted as a shareholder.
(2) A corporation, limited liability company, partnership, trust, estate, or other entity.
(3) The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
(b) For purposes of this article, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.
As added by P.L.149-1986, SEC.4. Amended by P.L.8-1993, SEC.302.
Structure Indiana Code
Title 23. Business and Other Associations
Article 1. Indiana Business Corporation Law
Chapter 20. General Definitions
23-1-20-2. "Articles of Incorporation"
23-1-20-3. "Authorized Shares"
23-1-20-3.5. "Beneficial Owner"
23-1-20-5. "Corporation; Domestic Corporation"
23-1-20-6. "Deliver" or "Delivery"
23-1-20-6.5. "Derivative Instrument"
23-1-20-8. "Effective Date of Notice"
23-1-20-8.5. "Electronic Transmission" or "Electronically Transmitted"
23-1-20-11. "Foreign Corporation"
23-1-20-12. "Governmental Subdivision"
23-1-20-19. "Principal Office"
23-1-20-24.5. "Sign" or "Signature"
23-1-20-29. Method of Giving Notice; Effectiveness
23-1-20-30. Persons or Entities Constituting One Shareholder