Indiana § 23-6-4-11 Persons or entities qualified to participate; shareholders' rights; amount
of capital stock acquired

Indiana Statutes

§ 23-6-4-11 — Persons or entities qualified to participate; shareholders' rights; amount of capital stock acquired

Indiana § 23-6-4-11

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 6PUBLIC CORPORATIONS AND ASSOCIATIONS

Ch. 4Indiana Business Development Credit Corporation Law

This text of Indiana § 23-6-4-11 (Persons or entities qualified to participate; shareholders' rights; amount of capital stock acquired) 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 § 23-6-4-11 (2026).

Text

(a)Notwithstanding any other law, any person, domestic or foreign corporation, public utility company, insurance company, lending institution, or trust may acquire, purchase, hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of any bonds, securities, other evidence of indebtedness, or shares of the capital stock of a credit corporation. While a shareholder of a credit corporation, such a person or entity may exercise all the rights, powers, and privileges granted other shareholders of the credit corporation, including the right to vote. Except as otherwise specifically provided in this chapter, such a person or entity may take any action authorized by this section without the approval of any Indiana regulatory authority.

(b)The amount of capital stock of a credit corpo

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Notwithstanding any other law, any
person, domestic or foreign corporation, public utility company,
insurance company, lending institution, or trust may acquire, purchase,
hold, sell, assign, transfer, mortgage, pledge, or otherwise dispose of
any bonds, securities, other evidence of indebtedness, or shares of the
capital stock of a credit corporation. While a shareholder of a credit
corporation, such a person or entity may exercise all the rights, powers,
and privileges granted other shareholders of the credit corporation,
including the right to vote. Except as otherwise specifically provided
in this chapter, such a person or entity may take any action authorized
by this section without the approval of any Indiana regulatory authority.
(b) The amount of capital stock of a credit corporation that a
member may acquire under this section is in addition to the amount of
capital stock in corporations that the member may otherwise acquire.