Sec. 6. A corporation's indebtedness to a shareholder incurred by reason of a distribution made in accordance with this chapter is at parity with the corporation's indebtedness to its general, unsecured creditors except to the extent subordinated by agreement. As added by P.L.149-1986, SEC.12.
Indebtedness to shareholder; priority
Ind. Code § 23-1-28-6, under Distributions to Shareholders.
Ind. Code § 23-1-28-6