Expenses payable from consideration received for shares

Ind. Code § 28-13-2-9, under Issuance of Shares.

Ind. Code § 28-13-2-9

Sec. 9. A corporation may pay the expenses of: (1) selling or underwriting the corporation's shares; and (2) organizing or reorganizing the corporation; from the consideration received for shares. As added by P.L.14-1992, SEC.163.