Sec. 9. If a corporation has not yet issued shares:

(1) its board of directors; or

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code 28-13-14-9

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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) if a board of directors has not been selected, the incorporators;

may adopt at least one (1) amendment to the corporation’s articles of incorporation.

As added by P.L.14-1992, SEC.163.