Indiana Statutes
§ 23-1-26-7 — Issuance of shares without certificates
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 26 Issuance of Shares
(a)Unless the articles of incorporation or
bylaws provide otherwise, the board of directors of a corporation may
authorize the issue of some or all of the shares of any or all of its
classes or series without certificates. The authorization does not affect
shares already represented by certificates until they are surrendered to
the corporation.
(b)Within a reasonable time after the issue or transfer of shares
without certificates, the corporation shall send the shareholder a written
statement of the information required on certificates by sections 6(b)
and 6(c) of this chapter, and, if applicable, section 8 of this chapter.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 23-1-26-7 (Issuance of shares without certificates) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
F.B.I. Farms, Inc. v. Moore
798 N.E.2d 440 (Indiana Supreme Court, 2003)
Legislative History
As added by P.L.149-1986, SEC.10.
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"