Indiana Statutes
§ 23-17-2-23 — "Public benefit corporation"
"Public benefit corporation" means a domestic corporation that is the following:
(1)Either:
(A)formed as a public benefit corporation under this title;
(B)designated as a public benefit corporation by another law;
(C)recognized as tax exempt under Section 501(c)(3) of the
Internal Revenue Code of 1986; or
(D)otherwise organized for a public or charitable purpose,
including a veterans organization or a post, a unit, or an
auxiliary of the veterans organization, that is chartered by a
federal statute for patriotic, public, or charitable purposes and
recognized as tax exempt under Section 501(c)(4) or Section
501(c)(19) of the Internal Revenue Code.
(2)Restricted so that on dissolution the corporation must
distribute the corporation's assets to an organization organized for
a public or
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Legislative History
As added by P.L.179-1991, SEC.1. Amended by P.L.96-1993,
SEC.5.
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"