Indiana § 23-17-24-4 Decree of dissolution; winding up affairs

Indiana Statutes

§ 23-17-24-4 — Decree of dissolution; winding up affairs

Indiana § 23-17-24-4

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 17NONPROFIT CORPORATIONS

Ch. 24Judicial Dissolution

This text of Indiana § 23-17-24-4 (Decree of dissolution; winding up affairs) 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 § 23-17-24-4 (2026).

Text

(a)If after a hearing the court determines that a ground for judicial dissolution described in section 1 of this chapter exists, the court may enter a decree dissolving the corporation and specifying the effective date of the dissolution. The clerk of the court shall deliver a certificate copy of the decree to the secretary of state, who shall file the certificate copy.

(b)After entering the decree of dissolution, the court shall direct the winding up and liquidating of the corporation's affairs in accordance with IC 23-17-22-5 and the notification of the corporation's claimants under IC 23-17-22-6 and IC 23-17-22-7.

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(a) If after a hearing the court determines that
a ground for judicial dissolution described in section 1 of this chapter
exists, the court may enter a decree dissolving the corporation and
specifying the effective date of the dissolution. The clerk of the court
shall deliver a certificate copy of the decree to the secretary of state,
who shall file the certificate copy.
(b) After entering the decree of dissolution, the court shall direct the
winding up and liquidating of the corporation's affairs in accordance
with IC 23-17-22-5 and the notification of the corporation's claimants
under IC 23-17-22-6 and IC 23-17-22-7.