Indiana Code 28-13-2-9. Expenses payable from consideration received for shares

Sec. 9. A corporation may pay the expenses of:

(1) selling or underwriting the corporation’s shares; and

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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) organizing or reorganizing the corporation;

from the consideration received for shares.

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