Indiana Code 23-1-20-3. “Authorized shares”
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Terms Used In Indiana Code 23-1-20-3
- 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. 3. “Authorized shares” means the shares of all classes that a domestic or foreign corporation is authorized to issue.
As added by P.L.149-1986, SEC.4.