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222 chapters · 1,895 sections in this title.
Ind. Code § 23-1-32-1 Right to commence or maintain proceeding
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Sec. 1. A person may not commence a proceeding in the right of a domestic or foreign corporation unless the person was a shareholder of the corporation when the transaction complained of occurred or unless the person became a shareholder through transfer by operation of law from …
Ind. Code § 23-1-32-2 Complaint; stay of proceeding
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Sec. 2. A complaint in a proceeding brought in the right of a corporation must be verified and allege with particularity the demand made, if any, to obtain action by the board of directors and either that the demand was refused or ignored or why the shareholder did not make the d…
Ind. Code § 23-1-32-3 Discontinuance or settlement of proceeding
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Sec. 3. (a) A proceeding commenced under this chapter may not be discontinued or settled without the court's approval. If the court determines that a proposed discontinuance or settlement will substantially affect the interest of the corporation's shareholders or a class of share…
Ind. Code § 23-1-32-4 Committee of disinterested directors or persons
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Sec. 4. (a) Unless prohibited by the articles of incorporation, the board of directors may establish a committee consisting of three (3) or more disinterested directors or other disinterested persons to determine: (1) whether the corporation has a legal or equitable right or reme…