Indiana § 28-1-22-10 Premature transaction of business; personal liability of officers and
directors

Indiana Statutes

§ 28-1-22-10 — Premature transaction of business; personal liability of officers and directors

Indiana·Art. 1 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 22 Foreign Corporations

If a foreign corporation transacts business in
this state before it has received the approval of the department, the
officers and directors of the corporation shall be severally liable for the
liabilities of the corporation that result from the corporation's
transaction of business in Indiana.
Formerly: Acts 1933, c.40, s.333. As amended by P.L.171-1996,
SEC.15; P.L.11-1998, SEC.3.

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