Indiana Statutes
§ 23-1-22-1 — Purpose of corporation; law governing
Indiana § 23-1-22-1
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 1INDIANA BUSINESS CORPORATION LAW
Ch. 22Powers and Purposes
This text of Indiana § 23-1-22-1 (Purpose of corporation; law governing) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 23-1-22-1 (2026).
Text
(a)Every corporation incorporated under this
article has the purpose of engaging in any lawful business unless a
more limited purpose is set forth in the articles of incorporation.
(b)A corporation engaging in a business that is subject to regulation
under another statute of this state may incorporate under this article
unless provisions for incorporation of corporations engaging in that
business exist under that statute.
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Related
Aronson v. Price
644 N.E.2d 864 (Indiana Supreme Court, 1994)
Legislative History
As added by P.L.149-1986, SEC.6.
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"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-1-22-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-1-22-1.