Indiana § 23-1.5-4-4 Right of corporation to accept this article

Indiana Statutes

§ 23-1.5-4-4 — Right of corporation to accept this article

Indiana § 23-1.5-4-4

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1.5PROFESSIONAL CORPORATIONS

Ch. 4Change of Corporate Form

This text of Indiana § 23-1.5-4-4 (Right of corporation to accept this article) 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 § 23-1.5-4-4 (2026).

Text

(a)Any corporation organized under Indiana law for any purpose or purposes for which a corporation might be organized under this article, and existing on September 1, 1983, may accept this article, and avail itself of the rights and privileges provided by this article, by complying with this article. Without limitation, this right to accept this article extends to any corporation formed under this or any other general statute, for any purpose or purposes for which a corporation might be organized under this article, if the corporation existed on or after September 1, 1983, or if its articles of incorporation fix a time of corporate existence that has terminated or thereafter terminates, if this corporation files its articles of acceptance within two

(2)years after such termination. The a

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(a) Any corporation organized under Indiana
law for any purpose or purposes for which a corporation might be
organized under this article, and existing on September 1, 1983, may
accept this article, and avail itself of the rights and privileges provided
by this article, by complying with this article. Without limitation, this
right to accept this article extends to any corporation formed under this
or any other general statute, for any purpose or purposes for which a
corporation might be organized under this article, if the corporation
existed on or after September 1, 1983, or if its articles of incorporation
fix a time of corporate existence that has terminated or thereafter
terminates, if this corporation files its articles of acceptance within two
(2) years after such termination. The acceptance of this article may be
effected by the officer, directors, and members of the corporation or by
persons acting as such.
(b) Upon acceptance and compliance with the requirements of this
article, the corporation shall be considered to have existed since
termination and its acts, during this time, have the same validity as if
performed before termination.
(c) This section does not apply to any corporation whose corporate
franchise has been forfeited under any other statute.