Indiana Code 8-4-1-35. Stockholders; personal liability for labor
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Terms Used In Indiana Code 8-4-1-35
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Sec. 35. The stockholders shall be individually liable to laborers, their executors, administrators and assigns for all labor done in the construction of said road and shall remain unpaid after the assets of the corporation shall have been exhausted.
Formerly: Acts 1852, 1RS, c.83, s.38; Acts 1865(ss), c.25, s.1.