Indiana § 28-1-9-18 Termination of corporate existence; existing liabilities

Indiana Statutes

§ 28-1-9-18 — Termination of corporate existence; existing liabilities

Indiana § 28-1-9-18

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 9Voluntary Dissolution of Banks, Trust Companies, and

This text of Indiana § 28-1-9-18 (Termination of corporate existence; existing liabilities) 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 § 28-1-9-18 (2026).

Text

(a)Upon the issuance of the certificate of dissolution and the recording of the certificate of the incorporators or the articles of dissolution, as the case may be, as provided in section 17 of this chapter, the corporation shall be dissolved and its existence shall cease.

(b)The dissolution of any corporation in accordance with the provisions of this section shall not take away or impair any remedy against such corporation, its directors, officers, or shareholders for any liabilities incurred by the corporation previous to its dissolution if suit is brought and service of process is had, as provided by the laws of this state, within two (2) years after the date of such dissolution. Formerly: Acts 1933, c.40, s.159. As amended by P.L.263-1985, SEC.50.

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

(a) Upon the issuance of the certificate of
dissolution and the recording of the certificate of the incorporators or
the articles of dissolution, as the case may be, as provided in section 17
of this chapter, the corporation shall be dissolved and its existence shall
cease.
(b) The dissolution of any corporation in accordance with the
provisions of this section shall not take away or impair any remedy
against such corporation, its directors, officers, or shareholders for any
liabilities incurred by the corporation previous to its dissolution if suit
is brought and service of process is had, as provided by the laws of this
state, within two (2) years after the date of such dissolution.
Formerly: Acts 1933, c.40, s.159. As amended by P.L.263-1985,
SEC.50.