Indiana Statutes
§ 28-13-1-2 — Voting right; rights to assets on dissolution
The articles of incorporation must authorize the following:
(1)At least one (1) class of shares that together have unlimited
voting rights.
(2)At least one (1) class of shares, which may be the same class
or classes as those with voting rights, that together are entitled to
receive the net assets of the corporation upon dissolution.
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Legislative History
As added by P.L.14-1992, SEC.163.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows