Indiana § 23-1.3-3-2 Election of benefit corporation status by existing corporation;
amending articles of incorporation; minimum status vote

Indiana Statutes

§ 23-1.3-3-2 — Election of benefit corporation status by existing corporation; amending articles of incorporation; minimum status vote

Indiana § 23-1.3-3-2

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1.3BENEFIT CORPORATIONS

Ch. 3Benefit Corporation Status

This text of Indiana § 23-1.3-3-2 (Election of benefit corporation status by existing corporation; amending articles of incorporation; minimum status vote) 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 § 23-1.3-3-2 (2026).

Text

(a)Subject to subsection (b), an existing corporation may become a benefit corporation under this article by amending its articles of incorporation to contain, in addition to any content requirements for articles of incorporation under IC 23-1, the following:

(1)A statement that the corporation is a benefit corporation.

(2)A statement reading "By enacting this article, the State of Indiana does not endorse any particular benefit corporation, or approve or disapprove any of the purposes of a benefit corporation or any claimed general public benefit or specific public benefit, and no inference should be drawn from the acceptance of any filings with respect to a benefit corporation under IC 23-1.3, that the benefit corporation has or will in fact provide any general public benefit or speci

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Subject to subsection (b), an existing
corporation may become a benefit corporation under this article by
amending its articles of incorporation to contain, in addition to any
content requirements for articles of incorporation under IC 23-1, the
following:
(1) A statement that the corporation is a benefit corporation.
(2) A statement reading "By enacting this article, the State of
Indiana does not endorse any particular benefit corporation, or
approve or disapprove any of the purposes of a benefit
corporation or any claimed general public benefit or specific
public benefit, and no inference should be drawn from the
acceptance of any filings with respect to a benefit corporation
under IC 23-1.3, that the benefit corporation has or will in fact
provide any general public benefit or specific public benefit.
(b) An amendment to the articles of incorporation under subsection
(a) is not effective unless the amendment is adopted by at least a
minimum status vote.