Sec. 22. The statement of withdrawal of a foreign corporation shall be in the form prescribed by the department. The filing of the statement does not affect:

(1) any action by or against the corporation that is pending at the time of the filing; or

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Terms Used In Indiana Code 28-1-22-22

  • 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.
(2) any right of action in favor of or against the corporation existing at or before the time of the filing.

Formerly: Acts 1933, c.40, s.345. As amended by P.L.263-1985, SEC.94; P.L.14-1992, SEC.106; P.L.171-1996, SEC.25.