Indiana § 23-1-26-7 Issuance of shares without certificates

Indiana Statutes

§ 23-1-26-7 — Issuance of shares without certificates

Indiana § 23-1-26-7

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1INDIANA BUSINESS CORPORATION LAW

Ch. 26Issuance of Shares

This text of Indiana § 23-1-26-7 (Issuance of shares without certificates) 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 § 23-1-26-7 (2026).

Text

(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.

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(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.