Indiana § 23-17-4-4 Challenges based on corporate power to act

Indiana Statutes

§ 23-17-4-4 — Challenges based on corporate power to act

Indiana § 23-17-4-4

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 17NONPROFIT CORPORATIONS

Ch. 4Purposes and Powers

This text of Indiana § 23-17-4-4 (Challenges based on corporate power to act) 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 § 23-17-4-4 (2026).

Text

(a)Except as provided in subsection (b), the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.

(b)A corporation's power to act may be challenged in a proceeding against the corporation for a declaratory judgment or to enjoin an act where a third party has not acquired rights. The proceeding may be brought by the attorney general or a director.

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(a) Except as provided in subsection (b), the
validity of corporate action may not be challenged on the ground that
the corporation lacks or lacked power to act.
(b) A corporation's power to act may be challenged in a proceeding
against the corporation for a declaratory judgment or to enjoin an act
where a third party has not acquired rights. The proceeding may be
brought by the attorney general or a director.