§ 23-1-21-2 — Articles of incorporation; contents

Indiana § 23-1-21-2

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 1: INDIANA BUSINESS CORPORATION LAW
• Ch. 21: Incorporation

Text

(a) The articles of incorporation must set forth:
(1) a corporate name for the corporation that satisfies the
requirements of IC 23-1-23-1 (before its repeal) or IC 23-0.5-3;
(2) the number of shares the corporation is authorized to issue;
(3) the street address of the corporation's initial registered office
in Indiana and the name of its initial registered agent at that
office; and
(4) the name and address of each incorporator.
(b) The articles of incorporation may set forth:
(1) the names and addresses of the individuals who are to serve as
the initial directors;
(2) provisions not inconsistent with law regarding:
(A) the purpose or purposes for which the corporation is
organized;
(B) managing the business and regulating the affairs of the
corporation;
(C) defining, limiting, and regulating the powers of the
corporation, its board of directors, and shareholders;
(D) a par value for authorized shares or classes of shares; and
(E) the imposition of personal liability on shareholders for the
debts of the corporation to a specified extent and upon specified
conditions; and
(3) any provision that under this article is required or permitted to
be set forth in the bylaws.
(c) The articles of incorporation need not set forth any of the
corporate powers enumerated in this article.

Legislative History

As added by P.L.149-1986, SEC.5. Amended by P.L.118-2017, SEC.9.