Indiana Code 5-1-15-3. Delivery; registrar or paying agent; deposit; certificates

Sec. 3. (a) Bonds, notes, evidences of indebtedness, or other written obligations issued in book entry form shall:

(1) not be delivered to the owners thereof; 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) have a registrar or paying agent that may be:

(A) the issuing entity;

(B) a bank or trust company; or

(b) In connection with issuance in book entry form, the following may be done:

(1) A written instrument may be deposited with the registrar or paying agent.

(2) Participation certificates or certificates of beneficial interest may be issued to the owner by the issuing entity, registrar, or paying agent.

As added by P.L.44-1983, SEC.7.