Indiana Statutes
§ 23-17-8-1 — Resignation; liability for obligations
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 17 NONPROFIT CORPORATIONS·Ch. 8 Resignation and Termination of Members
(a)A member may resign at any time.
(b)The resignation of a member does not relieve the member from
any obligations the member may have to the corporation as a result of
obligations incurred or commitments made before a resignation.
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Related
Jay County Rural Electric Membership Corp. v. Wabash Valley Power Ass'n
692 N.E.2d 905 (Indiana Court of Appeals, 1998)
Legislative History
As added by P.L.179-1991, SEC.1.
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"