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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 26✕

Ind. Code § 23-1-26-1 Subscription agreements
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Sec. 1. (a) A subscription for shares entered into before incorporation is irrevocable for six (6) months unless the subscription agreement provides a longer or shorter period or all the subscribers agree to revocation. (b) The board of directors may determine the payment terms o…
Ind. Code § 23-1-26-2 Consideration
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Sec. 2. (a) The powers granted in this section to the board of directors may be reserved to the shareholders by the articles of incorporation. (b) The board of directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benef…
Ind. Code § 23-1-26-3 Shareholder liability
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Sec. 3. (a) A purchaser from a corporation of its own shares is not liable to the corporation or its creditors with respect to the shares except to pay the consideration for which the shares were authorized to be issued (section 2 of this chapter) or specified in the subscription…
Ind. Code § 23-1-26-4 Share dividends and share splits
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Sec. 4. (a) Unless the articles of incorporation provide otherwise, shares may be issued pro rata and without consideration to the corporation's shareholders or to the shareholders of one (1) or more classes or series. An issuance of shares under this subsection may be in the for…

Ind. Code § 23-1-26-5 Rights, options, or warrants

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Sec. 5. (a) A corporation, acting through its board of directors, may create or issue rights, options, or warrants for the purchase of shares or other securities of the corporation or any successor in interest of the corporation. The board of directors shall determine the terms u…

Ind. Code § 23-1-26-6 Certificates; contents; signatures

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Sec. 6. (a) Shares may but need not be represented by certificates. Unless this article or another statute expressly provides otherwise, the rights and obligations of shareholders of the same class or series of shares are identical whether or not their shares are represented by c…

Ind. Code § 23-1-26-7 Issuance of shares without certificates

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Sec. 7. (a) Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already…

Ind. Code § 23-1-26-8 Restrictions on transfer or registration of transfer of shares

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Sec. 8. (a) The articles of incorporation, bylaws, an agreement among shareholders, or an agreement between shareholders and the corporation may impose restrictions on the transfer or registration of transfer of shares of any class or series of shares of the corporation. A restri…

Ind. Code § 23-1-26-9 Expenses payable from consideration received for shares

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Sec. 9. A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares. As added by P.L.149-1986, SEC.10.