Indiana Code 23-0.6-1.5-19. “Organic law”
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Sec. 19. “Organic law” refers to the following:
(2) IC 23-1-40 for a domestic business corporation engaged in a transaction under this article.
(1) The law of an entity’s jurisdiction of formation governing the internal affairs of the entity.
Terms Used In Indiana Code 23-0.6-1.5-19
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(3) IC 23-17-19 for a domestic nonprofit corporation engaged in a transaction under this article.
As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.32.