Indiana § 22-2-12-2 Corporate stock; payment or refund; release of employer

Indiana Statutes

§ 22-2-12-2 — Corporate stock; payment or refund; release of employer

Indiana·Art. 2 WAGES, HOURS, AND BENEFITS·Ch. 12 Employee Benefit Plans

Should said payment or refund made as
provided in section 1 of this chapter be comprised in whole or in part
of stock in any corporation, such corporation may accept said stock for
transfer as directed by the employer, former employer, or the trustee
making such payment or refund, and shall be entitled to treat the
transferee as the owner of the stock for all purposes unless and until the
corporation has received at its home office written notice by or on
behalf of some other person that the other person claims to be entitled
to the stock or to some interest in the stock.
Formerly: Acts 1957, c.63, s.2. As amended by P.L.144-1986,
SEC.19; P.L.136-2018, SEC.112.

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Should said payment or refund made as
provided in section 1 of this chapter be comprised in whole or in part
of stock in any corporation, such corporation may accept said stock for
transfer as directed by the employer, former employer, or the trustee
making such payment or refund, and shall be entitled to treat the
transferee as the owner of the stock for all purposes unless and until the
corporation has received at its home office written notice by or on
behalf of some other person that the other person claims to be entitled
to the stock or to some interest in the stock.
Formerly: Acts 1957, c.63, s.2. As amended by P.L.144-1986,
SEC.19; P.L.136-2018, SEC.112.

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