§ 23-1.3-3-1 Incorporation as benefit corporation
§ 23-1.3-3-2 Election of benefit corporation status by existing corporation; amending articles of incorporation; minimum status vote
§ 23-1.3-3-3 Plan of merger, consolidation, conversion, or share exchange; minimum status vote
§ 23-1.3-3-4 Terminating status; minimum status vote
§ 23-1.3-3-5 Plan of merger, consolidation, conversion, or share affecting status; minimum status vote
§ 23-1.3-3-6 Requirements for sale, lease, exchange, or other disposition of assets

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Terms Used In Indiana Code > Title 23 > Article 1.3 > Chapter 3 - Benefit Corporation Status

  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC