Indiana Statutes

§ 27-1-6-12 — Commencement of corporate existence; powers

Indiana § 27-1-6-12
JurisdictionIndiana
Title 27INSURANCE
Art. 1DEPARTMENT OF INSURANCE
Ch. 6Formation of Domestic Companies

This text of Indiana § 27-1-6-12 (Commencement of corporate existence; powers) 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 § 27-1-6-12 (2026).

Text

Upon the issuance of the permit for completion of organization by the department, the corporate existence shall begin, and thereupon such incorporators and their associates shall become a body corporate with power to sue and be sued, contract and be contracted with, adopt a seal, and do such other acts, subject to the provisions and to the restrictions of this article, as shall be needful to accomplish the purpose of completing its organization, provided, that such company shall not issue policies or enter into contracts of insurance until it shall have received the certificate of the department authorizing it so to do. Formerly: Acts 1935, c.162, s.72. As amended by P.L.252-1985, SEC.22.

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Indiana § 27-1-6-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-1-6-12.