Indiana Code 23-1-17.3-5. Status of rights and preferences of shares under P.L.149-1986
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Terms Used In Indiana Code 23-1-17.3-5
- 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.
Sec. 5. Effective August 1, 1987, or the date specified in a resolution of the board of directors adopted under IC 23-1-17-3(b), as added by P.L.149-1986, any existing certificate of resolution of a board of directors designating and stating rights and preferences of shares shall be considered a part of the corporation‘s articles of incorporation for purposes of P.L.149-1986.
As added by P.L.220-2011, SEC.378.