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222 chapters · 1,895 sections in this title.
Ind. Code § 23-1-25-1 Authorization of shares in articles of incorporation
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Sec. 1. (a) The articles of incorporation must prescribe the number of shares that the corporation is authorized to issue. If more than one (1) class of shares is authorized by the articles of incorporation, the articles of incorporation must prescribe the number of shares in eac…
Ind. Code § 23-1-25-2 Series of shares; filing articles with secretary of state
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Sec. 2. (a) If the articles of incorporation so provide, the board of directors may create one (1) or more series, and may determine, in whole or in part, the preferences, limitations, and relative voting and other rights (within the limits set forth in section 1 of this chapter)…
Ind. Code § 23-1-25-3 Issuance of shares; number; outstanding shares
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Sec. 3. (a) A corporation may issue the number of shares of each class or series authorized by the articles of incorporation. Shares that are issued are outstanding shares until they are reacquired, redeemed, converted, or cancelled. (b) The reacquisition, redemption, or conversi…
Ind. Code § 23-1-25-4 Fractional shares; scrip
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Sec. 4. (a) A corporation may do any one (1) or more of the following: (1) Issue fractions of a share or pay in money the value of fractions of a share. (2) Arrange for disposition of fractional shares by the shareholders. (3) Issue scrip in registered or bearer form entitling th…