Indiana § 23-1-47-2 Venue; parties; preservation of corporate assets

Indiana Statutes

§ 23-1-47-2 — Venue; parties; preservation of corporate assets

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 47 Judicial Dissolution

(a)Venue for a proceeding by the attorney general to dissolve a corporation lies in Marion County. Venue for a proceeding brought by any other party named in section 1 of this chapter lies in the county where a corporation's principal office (or, if none in Indiana, its registered office) is or was last located.

(b)It is not necessary to make shareholders parties to a proceeding to dissolve a corporation unless relief is sought against them individually.

(c)A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint a receiver or custodian pendente lite with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located, and carry on the business of the corporation until a full hearing can be held.

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(a) Venue for a proceeding by the attorney
general to dissolve a corporation lies in Marion County. Venue for a
proceeding brought by any other party named in section 1 of this
chapter lies in the county where a corporation's principal office (or, if
none in Indiana, its registered office) is or was last located.
(b) It is not necessary to make shareholders parties to a proceeding
to dissolve a corporation unless relief is sought against them
individually.
(c) A court in a proceeding brought to dissolve a corporation may
issue injunctions, appoint a receiver or custodian pendente lite with all
powers and duties the court directs, take other action required to
preserve the corporate assets wherever located, and carry on the
business of the corporation until a full hearing can be held.

Indiana § 23-1-47-2 (Venue; parties; preservation of corporate assets) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.