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·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 6 PUBLIC CORPORATIONS AND ASSOCIATIONS·Ch. 4 Indiana Business Development Credit Corporation Law

(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

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(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.

Indiana § 23-6-4-11 (Persons or entities qualified to participate; shareholders' rights; amount of capital stock acquired) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.