Indiana Code 23-17-21-1. Prohibited distributions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 23-17-21-1
- 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. 1. Except as authorized under section 2 of this chapter, a corporation may not make distributions.
As added by P.L.179-1991, SEC.1.