Indiana Statutes
§ 23-1-28-1 — Distributions
Indiana § 23-1-28-1
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 1INDIANA BUSINESS CORPORATION LAW
Ch. 28Distributions to Shareholders
This text of Indiana § 23-1-28-1 (Distributions) 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 § 23-1-28-1 (2026).
Text
A board of directors may authorize and the
corporation may make distributions to its shareholders subject to
restriction by the articles of incorporation and the limitation in section
3 of this chapter.
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Related
Lavonna J. Stinson Estate v. United States
214 F.3d 846 (Seventh Circuit, 2000)
Legislative History
As added by P.L.149-1986, SEC.12.
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 § 23-1-28-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-1-28-1.