Sec. 7. (a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all classes or series without certificates. The authorization does not affect shares already represented by certificates until the certificates are surrendered to the corporation.
(b) Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by section 6(b) and 6(c) of this chapter, and, if applicable, section 8 of this chapter.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
28-13-2-3. Shareholder Liability for Corporate Acts or Indebtedness
28-13-2-4. Pro Rata Shares; Share Dividend or Split; Record Date of Dividend
28-13-2-5. Purchase Rights, Options, or Warrants; Corporate Shares or Other Securities
28-13-2-6. Share Certificates; Contents; Requisites; Validity of Signature
28-13-2-7. Classes or Series of Shares Without Certificates; Furnishing Shareholder Information
28-13-2-9. Expenses Payable From Consideration Received for Shares