Indiana Statutes
§ 23-1-20-30 — Persons or entities constituting one shareholder
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 20 General Definitions
(a)For purposes of this article, each of the
following, identified as a shareholder in a corporation's current record
of shareholders, constitutes one (1) shareholder:
(1)Three (3) or fewer coowners. However, if there are four (4) or
more coowners, each coowner shall be counted as a shareholder.
(2)A corporation, limited liability company, partnership, trust,
estate, or other entity.
(3)The trustees, guardians, custodians, or other fiduciaries of a
single trust, estate, or account.
(b)For purposes of this article, shareholdings registered in
substantially similar names constitute one (1) shareholder if it is
reasonable to believe that the names represent the same person.
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Legislative History
As added by P.L.149-1986, SEC.4. Amended by P.L.8-1993,
SEC.302.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"