Sec. 4. A corporation incorporated under this chapter may:

(1) divide its corporate property into shares; and

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Terms Used In Indiana Code 15-14-1-4

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(2) designate the manner that the shares may be held, sold, conveyed, assigned, or transferred.

[Pre-2008 Recodification Citation: 15-1-2-4.]

As added by P.L.2-2008, SEC.5.