Indiana Statutes
§ 23-13-5-10 — Presumption of assignment
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 13 EDUCATIONAL INSTITUTIONS·Ch. 5 Management of Educational Institutions Established
After one (1) year from the date of any such
stockholders' meeting, all stockholders shall be conclusively presumed
to have assented to the action thereof and to have assigned their stock
to said directors or trustees accordingly, unless, within such year, they
shall have filed their respective petitions as provided for the valuation
and sale of their stock. After one (1) year from the entry of any decree
of court hereinbefore provided for, no appeal shall lie therefrom.
Formerly: Acts 1909, c.52, s.9.
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Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"