Indiana Code > Title 28 > Article 13 > Chapter 4 – Dividends and Other Distributions


§ 28-13-4-1	Power of board of directors to make distributions
§ 28-13-4-2	Share dividend or distribution dates of record, declaration, and payment
§ 28-13-4-3	Dividends; approval of department required; retained net income; exemption from approval requirements
§ 28-13-4-4	Withdrawal of capital stock prohibited
§ 28-13-4-5	Impairment of capital prohibited; maximum dividend
§ 28-13-4-7	Protective order for increase of capital and surplus or reduction of deposits; time period for compliance; increase in capital by corporate fiduciary
§ 28-13-4-9	Parity of shareholder distribution with corporate indebtedness to unsecured creditors

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

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.
Fiduciary: A trustee, executor, or administrator.
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5