Indiana Code
Title 23. Business and Other Associations
Article 1. Indiana Business Corporation Law

23-1-20-8.5. "Electronic Transmission" or "Electronically Transmitted" - Sec. 8.5. "Electronic transmission" or "electronically transmitted" means the transmission...

23-1-20-9. "Employee" - Sec. 9. "Employee" includes an officer but not a director....

23-1-20-10. "Entity" - Sec. 10. "Entity" includes the following: (1) Domestic corporation and...

23-1-20-11. "Foreign Corporation" - Sec. 11. "Foreign corporation" means a corporation for profit incorporated...

23-1-20-12. "Governmental Subdivision" - Sec. 12. "Governmental subdivision" includes authority, county, district, and municipality....

23-1-20-13. "Includes" - Sec. 13. "Includes" denotes a partial definition. As added by...

23-1-20-14. "Individual" - Sec. 14. "Individual" includes the guardianship estate of an incapacitated...

23-1-20-15. "Mail" - Sec. 15. "Mail" means: (1) first class, certified, or registered...

23-1-20-16. "Means" - Sec. 16. "Means" denotes an exhaustive definition. As added by...

23-1-20-17. "Notice" - Sec. 17. "Notice" has the meaning set forth in section...

23-1-20-17.5. "Other Entity" - Sec. 17.5. "Other entity" means: (1) a limited liability company;...

23-1-20-18. "Person" - Sec. 18. "Person" includes individual and entity. As added by...

23-1-20-19. "Principal Office" - Sec. 19. "Principal office" means the office (in or out...

23-1-20-20. "Proceeding" - Sec. 20. "Proceeding" includes civil suit and criminal, administrative, and...

23-1-20-21. "Record Date" - Sec. 21. "Record date" means the date established under IC...

23-1-20-22. "Secretary" - Sec. 22. "Secretary" means the corporate officer to whom the...

23-1-20-23. "Share" - Sec. 23. "Share" means the unit into which the proprietary...

23-1-20-24. "Shareholder" - Sec. 24. "Shareholder" means the person in whose name shares...

23-1-20-24.5. "Sign" or "Signature" - Sec. 24.5. "Sign" or "signature" includes any manual, facsimile, or...

23-1-20-25. "State" - Sec. 25. "State", when referring to a part of the...

23-1-20-26. "Subscriber" - Sec. 26. "Subscriber" means a person who subscribes for shares...

23-1-20-27. "United States" - Sec. 27. "United States" includes district, authority, bureau, commission, department,...

23-1-20-28. "Voting Group" - Sec. 28. "Voting group" means all shares of one (1)...

23-1-20-29. Method of Giving Notice; Effectiveness - Sec. 29. (a) Notice under this article shall be in...

23-1-20-30. Persons or Entities Constituting One Shareholder - Sec. 30. (a) For purposes of this article, each of...

Chapter 21. Incorporation

23-1-21-1. Incorporators; Filing Articles of Incorporation - Sec. 1. One (1) or more persons may act as...

23-1-21-2. Articles of Incorporation; Contents - Sec. 2. (a) The articles of incorporation must set forth:...

23-1-21-3. Date of Corporate Existence; Filing of Articles as Evidence of Valid Existence - Sec. 3. (a) Unless a delayed effective date is specified,...

23-1-21-4. Persons Acting on Behalf of Nonexistent Corporation; Liability - Sec. 4. All persons purporting to act as or on...

23-1-21-5. Organizational Meeting - Sec. 5. (a) After incorporation: (1) if initial directors are...

23-1-21-6. Bylaws - Sec. 6. (a) The incorporators or board of directors of...

23-1-21-7. Emergency Bylaws; Events Constituting Emergency; Authorized Actions - Sec. 7. (a) Unless the articles of incorporation provide otherwise,...

Chapter 22. Powers and Purposes

23-1-22-1. Purpose of Corporation; Law Governing - Sec. 1. (a) Every corporation incorporated under this article has...

23-1-22-2. Perpetual Duration; Powers - Sec. 2. Unless its articles of incorporation provide otherwise, every...

23-1-22-3. Emergencies; Powers; Meetings - Sec. 3. (a) In anticipation of or during an emergency...

23-1-22-4. Procedures Regulating Transactions Resulting in Change of Control - Sec. 4. (a) In addition to any other provision contained...

23-1-22-5. Challenging Corporation's Power to Act; Ultra Vires Acts - Sec. 5. (a) Except as provided in subsection (b), the...

Chapter 23. Repealed - Repealed by P.L.118-2017, SEC.10.

Chapter 24. Repealed - Repealed by P.L.118-2017, SEC.11.

Chapter 25. Shares Generally

23-1-25-1. Authorization of Shares in Articles of Incorporation - Sec. 1. (a) The articles of incorporation must prescribe the...

23-1-25-2. Series of Shares; Filing Articles With Secretary of State - Sec. 2. (a) If the articles of incorporation so provide,...

23-1-25-3. Issuance of Shares; Number; Outstanding Shares - Sec. 3. (a) A corporation may issue the number of...

23-1-25-4. Fractional Shares; Scrip - Sec. 4. (a) A corporation may do any one (1)...

Chapter 26. Issuance of Shares

23-1-26-1. Subscription Agreements - Sec. 1. (a) A subscription for shares entered into before...

23-1-26-2. Consideration - Sec. 2. (a) The powers granted in this section to...

23-1-26-3. Shareholder Liability - Sec. 3. (a) A purchaser from a corporation of its...

23-1-26-4. Share Dividends and Share Splits - Sec. 4. (a) Unless the articles of incorporation provide otherwise,...

23-1-26-5. Rights, Options, or Warrants - Sec. 5. (a) A corporation, acting through its board of...

23-1-26-6. Certificates; Contents; Signatures - Sec. 6. (a) Shares may but need not be represented...

23-1-26-7. Issuance of Shares Without Certificates - Sec. 7. (a) Unless the articles of incorporation or bylaws...

23-1-26-8. Restrictions on Transfer or Registration of Transfer of Shares - Sec. 8. (a) The articles of incorporation, bylaws, an agreement...

23-1-26-9. Expenses Payable From Consideration Received for Shares - Sec. 9. A corporation may pay the expenses of selling...

Chapter 27. Subsequent Acquisition of Shares by Shareholders and Corporation

23-1-27-1. Preemptive Rights - Sec. 1. (a) The shareholders of a corporation do not...

23-1-27-2. Corporation Acquiring Its Own Shares - Sec. 2. (a) A corporation may acquire its own shares....

Chapter 28. Distributions to Shareholders

23-1-28-1. Distributions - Sec. 1. A board of directors may authorize and the...

23-1-28-2. Record Date, Declaration Date, and Payment Date - Sec. 2. The board of directors may fix a record...

23-1-28-3. Prohibited Distributions - Sec. 3. A distribution may not be made if, after...

23-1-28-4. Basis for Determination That Distribution Not Prohibited - Sec. 4. The board of directors may base a determination...

23-1-28-5. Measuring Effect of Distribution; Date - Sec. 5. The effect of a distribution under section 3...

23-1-28-6. Indebtedness to Shareholder; Priority - Sec. 6. A corporation's indebtedness to a shareholder incurred by...

Chapter 29. Meetings of Shareholders

23-1-29-1. Annual Meetings; Remote Communication - Sec. 1. (a) Unless directors are elected by written consent...

23-1-29-2. Special Meetings, Remote Communication - Sec. 2. (a) A corporation with more than fifty (50)...

23-1-29-3. Court-Ordered Meetings - Sec. 3. The circuit or superior court of the county...

23-1-29-4. Action Taken Without a Meeting; Consent of Shareholders; Notice to Nonvoting Shareholders - Sec. 4. (a) Action required or permitted by this article...

23-1-29-4.5. Repealed - As added by P.L.213-2003, SEC.1. Repealed by P.L.133-2009, SEC.42.

23-1-29-5. Notice of Meetings - Sec. 5. (a) A corporation shall, not less than ten...

23-1-29-6. Waiver of Notice - Sec. 6. (a) A shareholder may waive any notice required...

23-1-29-7. Fixing of Record Date - Sec. 7. (a) The bylaws may fix or provide the...

Chapter 30. Voting by Shareholders

23-1-30-1. Shareholders' List - Sec. 1. (a) After fixing a record date for a...

23-1-30-2. Shares Entitled to Vote - Sec. 2. (a) Except as provided in subsections (b) and...

23-1-30-3. Voting of Shares; Appointment of Proxy - Sec. 3. (a) A shareholder may vote the shareholder's shares...

23-1-30-4. Beneficial Owners of Shares; Recognition Procedure; Disclosure Procedure - Sec. 4. (a) A corporation may establish a recognition procedure...

23-1-30-5. Acceptance of Signature - Sec. 5. (a) If the name signed on or submitted...

23-1-30-6. Voting Group; Quorum - Sec. 6. (a) Shares entitled to vote as a separate...

23-1-30-7. Voting Groups; Method of Taking Action - Sec. 7. (a) If the articles of incorporation or this...

23-1-30-8. Special Voting Requirements in Articles of Incorporation - Sec. 8. The articles of incorporation may provide for a...

23-1-30-9. Election of Directors; Cumulative Voting - Sec. 9. (a) Unless otherwise provided in the articles of...

Chapter 31. Voting Trusts and Agreements

23-1-31-1. Voting Trust - Sec. 1. (a) One (1) or more shareholders may create...

23-1-31-2. Voting Agreement - Sec. 2. (a) Two (2) or more shareholders may provide...

Chapter 32. Derivative Proceedings

23-1-32-1. Right to Commence or Maintain Proceeding - Sec. 1. A person may not commence a proceeding in...

23-1-32-2. Complaint; Stay of Proceeding - Sec. 2. A complaint in a proceeding brought in the...

23-1-32-3. Discontinuance or Settlement of Proceeding - Sec. 3. (a) A proceeding commenced under this chapter may...

23-1-32-4. Committee of Disinterested Directors or Persons - Sec. 4. (a) Unless prohibited by the articles of incorporation,...

23-1-32-5. "Shareholder" Defined - Sec. 5. For purposes of this chapter, "shareholder" includes a...

Chapter 33. Board of Directors Generally

23-1-33-1. Necessity of Board of Directors; Powers - Sec. 1. (a) Except as provided in subsection (c), each...

23-1-33-2. Qualifications - Sec. 2. The articles of incorporation or bylaws may prescribe...

23-1-33-3. Number of Directors; Time for Electing - Sec. 3. (a) A board of directors must consist of...

23-1-33-4. Election of Directors by Classes of Shares - Sec. 4. If the articles of incorporation authorize dividing the...

23-1-33-5. Terms of Office - Sec. 5. (a) The terms of the initial directors of...

23-1-33-6. Staggered Terms - Sec. 6. (a) The articles of incorporation or the bylaws...

23-1-33-7. Resignation - Sec. 7. (a) A director may resign at any time...

23-1-33-8. Removal - Sec. 8. (a) Directors may be removed in any manner...

23-1-33-9. Vacancies - Sec. 9. (a) Unless the articles of incorporation provide otherwise,...

23-1-33-10. Compensation - Sec. 10. Unless the articles of incorporation or bylaws provide...

Chapter 34. Meetings and Action of Board of Directors

23-1-34-1. Meetings; Method of Conducting - Sec. 1. (a) The board of directors may hold regular...

23-1-34-2. Action Taken Without a Meeting; Consent - Sec. 2. (a) Except to the extent that the articles...

23-1-34-3. Notice of Meetings - Sec. 3. (a) Unless the articles of incorporation or bylaws...

23-1-34-4. Waiver of Notice - Sec. 4. (a) A director may waive any notice required...

23-1-34-5. Quorum; Assent to Action Taken - Sec. 5. (a) Unless the articles of incorporation or bylaws...

23-1-34-6. Committees - Sec. 6. (a) Unless the articles of incorporation or bylaws...

Chapter 35. Standards of Conduct for Directors

23-1-35-1. Standards of Conduct; Liability; Reaffirmation of Corporate Governance Rules; Presumption - Sec. 1. (a) A director shall, based on facts then...

23-1-35-2. Conflict of Interest Transaction - Sec. 2. (a) A conflict of interest transaction is a...

23-1-35-3. Loan or Guarantee to Director - Sec. 3. (a) Except as provided by subsection (c), a...

23-1-35-4. Unlawful Distribution; Liability; Contribution - Sec. 4. (a) Subject to section 1(e) of this chapter,...

23-1-35-5. Directors and Business Opportunities; Conflicts of Interest - Sec. 5. (a) A director's taking advantage, directly or indirectly,...

Chapter 36. Officers Generally

23-1-36-1. Officers; Election or Appointment; Secretary - Sec. 1. (a) A corporation has the officers described in...

23-1-36-2. Powers and Duties - Sec. 2. Each officer has the authority and shall perform...

23-1-36-3. Resignation; Removal - Sec. 3. (a) An officer may resign at any time...

23-1-36-4. Contract Rights - Sec. 4. (a) The election or appointment of an officer...

Chapter 37. Indemnification of Directors, Officers, Employees, and Agents

23-1-37-1. "Corporation" Defined - Sec. 1. As used in this chapter, "corporation" includes any...

23-1-37-2. "Director" Defined - Sec. 2. As used in this chapter, "director" means an...

23-1-37-3. "Expenses" Defined - Sec. 3. As used in this chapter, "expenses" include counsel...

23-1-37-4. "Liability" Defined - Sec. 4. As used in this chapter, "liability" means the...

23-1-37-5. "Official Capacity" Defined - Sec. 5. As used in this chapter, "official capacity" means:...

23-1-37-6. "Party" Defined - Sec. 6. As used in this chapter, "party" includes an...

23-1-37-7. "Proceeding" Defined - Sec. 7. As used in this chapter, "proceeding" means any...

23-1-37-8. Indemnification of Director Against Liability - Sec. 8. (a) A corporation may indemnify an individual made...

23-1-37-9. Mandatory Indemnification of Director Against Expenses - Sec. 9. Unless limited by its articles of incorporation, a...

23-1-37-10. Reimbursement of Expenses in Advance of Final Disposition - Sec. 10. (a) A corporation may pay for or reimburse...

23-1-37-11. Application to Court for Indemnification - Sec. 11. Unless a corporation's articles of incorporation provide otherwise,...

23-1-37-12. Authorization of Indemnification - Sec. 12. (a) A corporation may not indemnify a director...

23-1-37-13. Officers, Employees, and Agents; Indemnification and Advance of Expenses - Sec. 13. Unless a corporation's articles of incorporation provide otherwise:...

23-1-37-14. Insurance Against Liability - Sec. 14. A corporation may purchase and maintain insurance on...

23-1-37-15. Indemnification Rights Under Articles of Incorporation, Bylaws, or Resolutions - Sec. 15. (a) The indemnification and advance for expenses provided...

Chapter 38. Amendment of Articles of Incorporation

23-1-38-1. Required and Permitted Changes; Vested Property Rights - Sec. 1. (a) A corporation may amend its articles of...

23-1-38-2. Amendments by Board of Directors Without Shareholder Action - Sec. 2. Unless the articles of incorporation provide otherwise, a...

23-1-38-3. Proposal of Amendment for Submission to Shareholders; Procedure for Adoption - Sec. 3. (a) A corporation's board of directors may propose...

23-1-38-4. Voting by Shareholders - Sec. 4. (a) The holders of the outstanding shares of...

23-1-38-5. Corporation Not Yet Issuing Shares; Adoption of Amendments by Board of Directors - Sec. 5. If a corporation has not yet issued shares,...

23-1-38-6. Filing Articles of Amendment - Sec. 6. (a) A corporation amending its articles of incorporation...

23-1-38-7. Restated Articles of Incorporation - Sec. 7. (a) A corporation's board of directors or, if...

23-1-38-8. Court-Ordered Reorganization; Articles of Amendment; Dissenters' Rights; Application of Section - Sec. 8. (a) A corporation's articles of incorporation may be...

23-1-38-9. Effect of Amendment - Sec. 9. An amendment to articles of incorporation does not...

Chapter 38.5. Repealed - Repealed by P.L.118-2017, SEC.13.

Chapter 39. Amendment of Bylaws

23-1-39-1. Power of Board of Directors - Sec. 1. Unless the articles of incorporation provide otherwise, only...

23-1-39-2. Bylaws Fixing Quorum or Voting Requirements; Adoption or Amendment by Shareholders - Sec. 2. (a) If expressly authorized by the articles of...

23-1-39-3. Bylaw Fixing Greater Than Majority Quorum or Voting Requirement; Amendment or Repeal - Sec. 3. (a) A bylaw that fixes a greater than...

23-1-39-4. Repealed - As added by P.L.133-2009, SEC.32. Repealed by P.L.118-2017, SEC.15.

Chapter 40. Merger and Share Exchange

23-1-40-1. Right to Merge; Plan of Merger - Sec. 1. (a) One (1) or more corporations may merge...

23-1-40-2. Acquisition of Shares of Another Corporation; Plan of Exchange - Sec. 2. (a) A corporation may acquire all of the...

23-1-40-3. Shareholder Approval of Plan of Merger or Share Exchange; Procedure; Abandonment of Plan; Amendment of Plan of Merger or Share Exchange - Sec. 3. (a) After adopting a plan of merger or...

23-1-40-4. Merger of Subsidiary and Parent Corporation - Sec. 4. (a) A parent corporation owning at least ninety...

23-1-40-5. Surviving Corporation; Filing of Articles of Merger or Share Exchange - Sec. 5. (a) After a plan of merger or share...

23-1-40-6. Effect of Merger - Sec. 6. (a) When a merger takes effect: (1) every...

23-1-40-7. Foreign Corporations; Participation in Merger or Share Exchange - Sec. 7. (a) One (1) or more foreign corporations may...

23-1-40-8. Repealed - As added by P.L.178-2002, SEC.100. Amended by P.L.178-2005, SEC.6. Repealed...

23-1-40-9. Parent Corporation Merger With Subsidiary; Shareholder Vote Not Required; Amending Organizational Documents; Requirements; Articles of Merger - Sec. 9. (a) As used in this section, "holding company"...

Chapter 41. Sale of Assets

23-1-41-1. Right to Sell, Lease, or Otherwise Dispose of Corporate Property; Shareholder Approval - Sec. 1. The approval of the shareholders of a corporation...

23-1-41-2. Sale, Lease, or Disposition of Property Other Than in Regular Course of Business - Sec. 2. (a) A sale, lease, exchange, or other disposition...

Chapter 42. Control Share Acquisitions

23-1-42-1. "Control Shares" Defined - Sec. 1. As used in this chapter, "control shares" means...

23-1-42-2. "Control Share Acquisition" Defined - Sec. 2. (a) As used in this chapter, "control share...

23-1-42-3. "Interested Shares" Defined - Sec. 3. As used in this chapter, "interested shares" means...

23-1-42-4. "Issuing Public Corporation" Defined - Sec. 4. (a) As used in this chapter, "issuing public...

23-1-42-5. Voting Rights Under Ic 23-1-42-9 - Sec. 5. Unless the corporation's articles of incorporation or bylaws...

23-1-42-6. Acquiring Person Statement - Sec. 6. Any person who proposes to make or has...

23-1-42-7. Special Meeting of Shareholders - Sec. 7. (a) If the acquiring person so requests at...

23-1-42-8. Notice - Sec. 8. (a) If a special meeting is requested, notice...

23-1-42-9. Voting Rights of Acquired Control Shares; Resolution - Sec. 9. (a) Control shares acquired in a control share...

23-1-42-10. Redemption of Acquired Control Shares - Sec. 10. (a) If authorized in a corporation's articles of...

23-1-42-11. Dissenters' Rights; "Fair Value" Defined - Sec. 11. (a) Unless otherwise provided in a corporation's articles...

Chapter 43. Business Combinations

23-1-43-1. "Affiliate" Defined - Sec. 1. As used in this chapter, "affiliate" means a...

23-1-43-2. "Announcement Date" Defined - Sec. 2. As used in this chapter, "announcement date", when...

23-1-43-3. "Associate" Defined - Sec. 3. As used in this chapter, "associate", when used...

23-1-43-4. "Beneficial Owner" Defined - Sec. 4. As used in this chapter, "beneficial owner", when...

23-1-43-5. "Business Combination" Defined - Sec. 5. As used in this chapter, "business combination", when...

23-1-43-6. "Common Shares" Defined - Sec. 6. As used in this chapter, "common shares" means...

23-1-43-7. "Consummation Date" Defined - Sec. 7. As used in this chapter, "consummation date", with...

23-1-43-8. "Control" Defined - Sec. 8. (a) As used in this chapter, "control", including...

23-1-43-9. "Exchange Act" Defined - Sec. 9. As used in this chapter, "Exchange Act" means...

23-1-43-10. "Interested Shareholder" Defined - Sec. 10. (a) As used in this chapter, "interested shareholder",...

23-1-43-11. "Market Value" Defined - Sec. 11. As used in this chapter, "market value", when...

23-1-43-12. "Preferred Shares" Defined - Sec. 12. As used in this chapter, "preferred shares" means...

23-1-43-13. "Resident Domestic Corporation" Defined - Sec. 13. (a) As used in this chapter, "resident domestic...

23-1-43-14. "Share" Defined - Sec. 14. As used in this chapter, "share" means: (1)...

23-1-43-15. "Share Acquisition Date" Defined - Sec. 15. As used in this chapter, "share acquisition date",...

23-1-43-16. "Subsidiary" Defined - Sec. 16. As used in this chapter, "subsidiary" of any...

23-1-43-17. "Voting Shares" Defined - Sec. 17. As used in this chapter, "voting shares" means...

23-1-43-18. Business Combination With Interested Shareholder Within Five Years of Share Acquisition Date - Sec. 18. (a) Notwithstanding any other provision of this article...

23-1-43-19. Business Combination With Interested Shareholder; Requirements - Sec. 19. Notwithstanding any other provision of this article (except...

23-1-43-20. Corporation Having Shares Registered Under Exchange Act; Application of Chapter - Sec. 20. This chapter does not apply to any business...

23-1-43-21. Amendment of Articles of Incorporation Making Corporation Subject to This Chapter; Application of Chapter - Sec. 21. This chapter does not apply to any business...

23-1-43-22. Election Not to Be Covered by This Chapter; Application of Chapter - Sec. 22. This chapter does not apply to any business...

23-1-43-23. Inadvertent Interested Shareholder; Application of Chapter - Sec. 23. This chapter does not apply to any business...

23-1-43-24. Interested Shareholder on January 7, 1986; Application of Chapter - Sec. 24. This chapter does not apply to any business...

Chapter 44. Dissenters' Rights

23-1-44-1. "Corporation" - Sec. 1. As used in this chapter, "corporation" means the...

23-1-44-2. "Dissenter" - Sec. 2. As used in this chapter, "dissenter" means a...

23-1-44-3. "Fair Value" - Sec. 3. As used in this chapter, "fair value", with...

23-1-44-4. "Interest" - Sec. 4. As used in this chapter, "interest" means interest...

23-1-44-4.5. "Preferred Shares" - Sec. 4.5. As used in this chapter, "preferred shares" means...

23-1-44-5. "Record Shareholder" - Sec. 5. As used in this chapter, "record shareholder" means...

23-1-44-6. "Beneficial Shareholder" - Sec. 6. As used in this chapter, "beneficial shareholder" means...

23-1-44-7. "Shareholder" - Sec. 7. As used in this chapter, "shareholder" means the...

23-1-44-8. Right to Dissent and Obtain Payment for Shares - Sec. 8. (a) A shareholder is entitled to dissent from,...

23-1-44-9. Dissenters' Rights of Beneficial Shareholder - Sec. 9. (a) A record shareholder may assert dissenters' rights...

23-1-44-10. Proposed Action Creating Dissenters' Rights; Notice - Sec. 10. (a) If proposed corporate action creating dissenters' rights...

23-1-44-11. Proposed Action Creating Dissenters' Rights; Assertion of Dissenters' Rights - Sec. 11. (a) If proposed corporate action creating dissenters' rights...

23-1-44-12. Dissenters' Notice; Contents - Sec. 12. (a) If proposed corporate action creating dissenters' rights...

23-1-44-13. Demand for Payment and Deposit of Shares by Shareholder - Sec. 13. (a) A shareholder sent a dissenters' notice described...

23-1-44-14. Uncertificated Shares; Restriction on Transfer; Dissenters' Rights - Sec. 14. (a) The corporation may restrict the transfer of...

23-1-44-15. Payment to Dissenter - Sec. 15. (a) Except as provided in section 17 of...

23-1-44-16. Failure to Take Action; Return of Certificates; New Action by Corporation - Sec. 16. (a) If the corporation does not take the...

23-1-44-17. Withholding Payment by Corporation; Corporation's Estimate of Fair Value; After-Acquired Shares - Sec. 17. (a) A corporation may elect to withhold payment...

23-1-44-18. Dissenters' Estimate of Fair Value; Demand for Payment; Waiver - Sec. 18. (a) A dissenter may notify the corporation in...

23-1-44-19. Court Proceeding to Determine Fair Value; Judicial Appraisal - Sec. 19. (a) If a demand for payment under IC...

23-1-44-20. Costs; Fees; Attorney's Fees - Sec. 20. (a) The court in an appraisal proceeding commenced...

Chapter 45. Voluntary Dissolution

23-1-45-1. Corporation That Has Not Issued Shares or Commenced Business - Sec. 1. A majority of the incorporators or initial directors...

23-1-45-2. Proposal for Dissolution; Notice; Adoption by Shareholders - Sec. 2. (a) A corporation's board of directors may propose...

23-1-45-3. Filing of Articles of Dissolution; Date of Dissolution - Sec. 3. (a) At any time after dissolution is authorized,...

23-1-45-4. Revocation of Dissolution - Sec. 4. (a) A corporation may revoke its dissolution within...

23-1-45-5. Continuance of Corporate Existence; Winding Up Affairs; Effect of Dissolution - Sec. 5. (a) A dissolved corporation continues its corporate existence...

23-1-45-6. Disposition of Known Claims; Procedure - Sec. 6. (a) A dissolved corporation may dispose of the...

23-1-45-7. Notice of Dissolution; Claims Against Dissolved Corporation - Sec. 7. (a) A dissolved corporation may also publish notice...

Chapter 46. Repealed - Repealed by P.L.118-2017, SEC.21.

Chapter 47. Judicial Dissolution

23-1-47-1. Judicial Dissolution; When Allowable - Sec. 1. The circuit or superior court may dissolve a...

23-1-47-2. Venue; Parties; Preservation of Corporate Assets - Sec. 2. (a) Venue for a proceeding by the attorney...

23-1-47-3. Receivers and Custodians - Sec. 3. (a) A court in a judicial proceeding brought...

23-1-47-4. Decree of Dissolution; Winding Up Affairs - Sec. 4. (a) If, after a hearing, the court determines...

Chapter 48. Deposit of Assets of Dissolved Corporation

23-1-48-1. Deposit of Assets; Payment to Claimant - Sec. 1. Assets of a dissolved corporation that should be...

Chapter 49. Repealed - Repealed by P.L.118-2017, SEC.22.

Chapter 50. Repealed - Repealed by P.L.118-2017, SEC.23.

Chapter 51. Repealed - Repealed by P.L.118-2017, SEC.24.

Chapter 52. Records

23-1-52-1. Required Records - Sec. 1. (a) A corporation shall keep as permanent records...

23-1-52-2. Shareholder's Right to Inspect and Copy Records - Sec. 2. (a) Subject to section 3(c) of this chapter,...

23-1-52-3. Inspection by Agent or Attorney; Copies; Costs; List of Shareholders - Sec. 3. (a) A shareholder's agent or attorney, if authorized...

23-1-52-4. Court Order for Inspection and Copying; Costs; Restrictions - Sec. 4. (a) If a corporation does not allow a...

23-1-52-5. Use and Distribution of Information - Sec. 5. (a) The use and distribution of any information...

Chapter 53. Reports

23-1-53-1. Annual Financial Statements - Sec. 1. (a) On written request of any shareholder, a...

23-1-53-2. Repealed - As added by P.L.149-1986, SEC.37. Amended by P.L.107-1987, SEC.27; P.L.145-1988,...

23-1-53-3. Repealed - As added by P.L.149-1986, SEC.37. Amended by P.L.107-1987, SEC.28; P.L.96-1993,...

23-1-53-4. Repealed - As added by P.L.228-1995, SEC.12. Repealed by P.L.118-2017, SEC.27.

Chapter 54. Miscellaneous Provisions

23-1-54-1. Repealed - As added by P.L.149-1986, SEC.38. Repealed by P.L.107-1987, SEC.51.

23-1-54-2. Preemptive Rights in Existence Under Prior Law - Sec. 2. Shareholders' preemptive rights in existence on July 31,...

23-1-54-3. Indiana Business Law Survey Commission - Sec. 3. (a) The Indiana business law survey commission is...

Chapter 55. Intention to Sell Sexually Explicit Materials

23-1-55-1. Application - Sec. 1. This chapter does not apply to a person...

23-1-55-2. Registration of the Intent to Offer for Sale or to Sell Sexually Explicit Materials - Sec. 2. A person (as defined in IC 35-31.5-2-234) that...

23-1-55-3. Notification of Registration to Local Officials - Sec. 3. (a) As used in this section, "local officials...

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Indiana Code Title 23. Business and Other Associations Article 1. Indiana Business Corporation Law

Indiana Code
Title 23. Business and Other Associations
Article 1. Indiana Business Corporation Law