§ 27-1-6-4 — Articles of incorporation; contents

Indiana § 27-1-6-4

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 6: Formation of Domestic Companies

Text

The incorporators shall execute articles of
incorporation, not inconsistent with the provisions of this article,
setting forth the following:
(a) The name of the proposed corporation.
(b) The post office address of its principal office.
(c) A precise and accurate statement of the purpose or purposes
for which the company is organized, which shall be restricted to
the kind or kinds of insurance comprised within one (1) of the
classes of insurance specified in IC 27-1-5-1, and that it is
organized under this article.
(d) The term for which it is to continue as a corporation, which
may be perpetual.
(e) In the case of a stock company, the amount of its capital and
the aggregate number of shares which the company shall have
authority to issue and the par value thereof.
(f) The amount of paid-in capital with which the company will
begin business.
(g) The plan or principle upon which the business is to be
transacted.
(h) The name, occupation, and post office address of each of the
incorporators.
(i) The names of the first officers and directors, their post office
addresses, and their terms of office.
(j) Any other provisions, consistent with the laws of this state, for
the regulation of the business and conduct of the affairs of the
company and creating, defining, limiting, or regulating the powers
of the company, of the directors, or of the shareholders or any
class or classes of shareholders.
Formerly: Acts 1935, c.162, s.64. As amended by P.L.252-1985,
SEC.17.