Sec. 2. The board of directors may fix a record date, declaration date, and payment date with respect to any share dividend or distribution to the shareholders of the corporation. If the board of directors does not fix the record date for determining shareholders entitled to a distribution, other than one involving a repurchase or reacquisition of shares, the record date is the date the board of directors authorizes the distribution.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 4. Dividends and Other Distributions
28-13-4-1. Power of Board of Directors to Make Distributions
28-13-4-2. Share Dividend or Distribution Dates of Record, Declaration, and Payment
28-13-4-4. Withdrawal of Capital Stock Prohibited
28-13-4-5. Impairment of Capital Prohibited; Maximum Dividend
28-13-4-9. Parity of Shareholder Distribution With Corporate Indebtedness to Unsecured Creditors