Indiana § 23-13-5-9 Certificate regarding assignment of shares

Indiana Statutes

§ 23-13-5-9 — Certificate regarding assignment of shares

Indiana § 23-13-5-9

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 13EDUCATIONAL INSTITUTIONS

Ch. 5Management of Educational Institutions Established

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Bluebook

Ind. Code § 23-13-5-9 (2026).

Text

Whenever this chapter shall have been
accepted by a vote of the stockholders, as provided in section 3 of this
chapter, and not less than two-thirds (2/3) of all outstanding stock of
the corporation shall have been assigned and turned over to the
directors or trustees for the corporation, or directly to the corporation,
then a certificate containing a copy of the resolutions or other
proceedings and votes in said matter had and done at such stockholders'
meeting, and also stating that such two-thirds (2/3) of all such stock has
been so duly assigned and turned over, signed by the president of the
directors or other chief executive officer of such corporation, and
attested by the secretary thereof and the corporate seal of such
institution attached thereto, shall be filed with the secretary

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Whenever this chapter shall have been
accepted by a vote of the stockholders, as provided in section 3 of this
chapter, and not less than two-thirds (2/3) of all outstanding stock of
the corporation shall have been assigned and turned over to the
directors or trustees for the corporation, or directly to the corporation,
then a certificate containing a copy of the resolutions or other
proceedings and votes in said matter had and done at such stockholders'
meeting, and also stating that such two-thirds (2/3) of all such stock has
been so duly assigned and turned over, signed by the president of the
directors or other chief executive officer of such corporation, and
attested by the secretary thereof and the corporate seal of such
institution attached thereto, shall be filed with the secretary of state for
the state of Indiana, and thereupon, the same shall be taken and deemed
as an amendment to and part and parcel of the charter of such
institution, but such charter shall not be taken or deemed as altered or
amended in any other respect than as specified in such resolution or
votes.
Formerly: Acts 1909, c.52, s.8. As amended by P.L.34-1987,
SEC.349.