Sec. 4. (a) A proxy for shares of a professional corporation is valid only if it is given to a qualified person of that corporation.
(b) A voting trust with respect to shares of a professional corporation is valid only if all the trustees and beneficiaries of the voting trust are qualified persons.
As added by P.L.239-1983, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 1.5. Professional Corporations
23-1.5-3-1. Shares; Issuance; Transfer
23-1.5-3-2. Authority to Purchase Shares From Disqualified Persons
23-1.5-3-3. Transfer or Purchase of Shares From Disqualified Persons; Procedure