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Indiana Statutes, Title 23

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Title 23, BUSINESS AND OTHER ASSOCIATIONS

222 chapters · 1,895 sections in this title.

All chapters in Title 231,895 Ch 1, General Provisions217 Ch 4, Registered Agent of Entity138 Ch 2, Filing130 Ch 6, Administrative Dissolution103 Ch 9, Fees88 Ch 3, Name of Entity83 Ch 5, Foreign Entities74 Ch 1.5, Definitions70 Ch 2.5, Commercial Mail Receiving Agency56 Ch 7, Issuance of Interrogatories and Inve…55 Ch 31, Voting Trusts and Agreements55 Ch 20, General Definitions47 Ch 33, Board of Directors Generally45 Ch 8, Miscellaneous Provisions37

9 sections·Filtered byTitle 23✕Ch 21✕

Ind. Code § 23-1-21-1 Incorporators; filing articles of incorporation
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Sec. 1. One (1) or more persons may act as the incorporator or incorporators of a corporation by causing the person's name to be listed on the articles of incorporation and having the articles of incorporation provided to the secretary of state for filing. As added by P.L.149-198…
Ind. Code § 23-1-21-2 Articles of incorporation; contents
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Sec. 2. (a) The articles of incorporation must set forth: (1) a corporate name for the corporation that satisfies the requirements of IC 23-1-23-1 (before its repeal) or IC 23-0.5-3; (2) the number of shares the corporation is authorized to issue; (3) the street address of the co…
Ind. Code § 23-1-21-3 Date of corporate existence; filing of articles as evidence of valid existence
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Sec. 3. (a) Unless a delayed effective date is specified, the corporate existence begins when the articles of incorporation are filed. (b) The secretary of state's filing of the articles of incorporation is conclusive proof that the incorporators satisfied all conditions preceden…
Ind. Code § 23-1-21-4 Persons acting on behalf of nonexistent corporation; liability

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Sec. 4. All persons purporting to act as or on behalf of a corporation, knowing there was no incorporation under this article, are jointly and severally liable for all liabilities created while so acting. As added by P.L.149-1986, SEC.5.

Ind. Code § 23-1-21-5 Organizational meeting

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Sec. 5. (a) After incorporation: (1) if initial directors are named in the articles of incorporation, the initial directors shall hold an organizational meeting, at the call of a majority of the directors, to complete the organization of the corporation by electing or appointing …

Ind. Code § 23-1-21-6 Bylaws

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Sec. 6. (a) The incorporators or board of directors of a corporation shall adopt initial bylaws for the corporation. (b) The bylaws of a corporation may contain any provision for managing the business and regulating the affairs of the corporation that is not inconsistent with law…

Ind. Code § 23-1-21-7 Emergency bylaws; events constituting emergency; authorized actions

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Sec. 7. (a) Unless the articles of incorporation provide otherwise, the board of directors of a corporation may adopt bylaws to be effective only in an emergency defined in subsection (d). The emergency bylaws may make all provisions necessary for managing the corporation during …

Ind. Code § 23-17-21-1 Prohibited distributions

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Sec. 1. Except as authorized under section 2 of this chapter, a corporation may not make distributions. As added by P.L.179-1991, SEC.1.

Ind. Code § 23-17-21-2 Exceptions to prohibition

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Sec. 2. (a) A mutual benefit corporation may purchase the corporation's memberships if, after the purchase is completed: (1) the corporation would be able to pay the corporation's debts as the debts become due in the usual course of the corporation's activities; and (2) the corpo…