Indiana § 23-1-42-4 "Issuing public corporation" defined

Indiana Statutes

§ 23-1-42-4 — "Issuing public corporation" defined

Indiana § 23-1-42-4

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1INDIANA BUSINESS CORPORATION LAW

Ch. 42Control Share Acquisitions

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Bluebook

Ind. Code § 23-1-42-4 (2026).

Text

(a)As used in this chapter, "issuing public corporation" means a corporation that has:

(1)one hundred (100) or more shareholders;

(2)its principal place of business or its principal office in Indiana, or that owns or controls assets within Indiana having a fair market value of more than one million dollars ($1,000,000); and

(3)either:

(A)more than ten percent (10%) of its shareholders resident in Indiana;

(B)more than ten percent (10%) of its shares owned of record or owned beneficially by Indiana residents; or

(C)one thousand (1,000) shareholders resident in Indiana.

(b)The residence of a record shareholder is presumed to be the address appearing in the records of the corporation.

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(a) As used in this chapter, "issuing public
corporation" means a corporation that has:
(1) one hundred (100) or more shareholders;
(2) its principal place of business or its principal office in Indiana,
or that owns or controls assets within Indiana having a fair market
value of more than one million dollars ($1,000,000); and
(3) either:
(A) more than ten percent (10%) of its shareholders resident in
Indiana;
(B) more than ten percent (10%) of its shares owned of record
or owned beneficially by Indiana residents; or
(C) one thousand (1,000) shareholders resident in Indiana.
(b) The residence of a record shareholder is presumed to be the
address appearing in the records of the corporation.