Indiana § 23-1.5-3-5 Powers of administrator, executor, guardian, and others of estate of
shareholder who holds all outstanding shares

Indiana Statutes

§ 23-1.5-3-5 — Powers of administrator, executor, guardian, and others of estate of shareholder who holds all outstanding shares

Indiana § 23-1.5-3-5

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1.5PROFESSIONAL CORPORATIONS

Ch. 3Ownership

This text of Indiana § 23-1.5-3-5 (Powers of administrator, executor, guardian, and others of estate of shareholder who holds all outstanding shares) 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 § 23-1.5-3-5 (2026).

Text

This section applies to an administrator, executor, guardian, conservator, or receiver of the estate of a shareholder of a professional corporation who holds all of the outstanding shares of the corporation. Such a person may:

(1)exercise voting rights; and

(2)serve as a director and officer of the corporation; for the purposes of amending the articles of incorporation as provided in IC 23-1.5-4-2 or dissolving the corporation.

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This section applies to an administrator,
executor, guardian, conservator, or receiver of the estate of a
shareholder of a professional corporation who holds all of the
outstanding shares of the corporation. Such a person may:
(1) exercise voting rights; and
(2) serve as a director and officer of the corporation;
for the purposes of amending the articles of incorporation as provided
in IC 23-1.5-4-2 or dissolving the corporation.