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Terms Used In Indiana Code 27-8-1-3

  • 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. The corporators shall submit the title or name of the proposed corporation to the state comptroller, who shall approve the same, provided it indicates the object or purpose for which the corporation is formed, and does not too closely resemble a title in use. Before approving a title, it shall be the duty of the state comptroller to examine the titles of corporations appearing in all the published insurance reports at the state comptroller’s command, and not to approve any title that would tend to mislead the public on account of its too closely resembling some other title.

Formerly: Acts 1883, c.136, s.3. As amended by P.L.9-2024, SEC.484.