Indiana § 28-13-2-7 Classes or series of shares without certificates; furnishing shareholder
information

Indiana Statutes

§ 28-13-2-7 — Classes or series of shares without certificates; furnishing shareholder information

Indiana § 28-13-2-7

Art. 13CORPORATE GOVERNANCE

Ch. 2Issuance of Shares

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Bluebook

Ind. Code § 28-13-2-7 (2026).

Text

(a)Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all classes or series without certificates. The authorization does not affect shares already represented by certificates until the certificates are surrendered to the corporation.

(b)Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by section 6(b) and 6(c) of this chapter, and, if applicable, section 8 of this chapter.

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(a) Unless the articles of incorporation or
bylaws provide otherwise, the board of directors of a corporation may
authorize the issue of some or all of the shares of any or all classes or
series without certificates. The authorization does not affect shares
already represented by certificates until the certificates are surrendered
to the corporation.
(b) Within a reasonable time after the issue or transfer of shares
without certificates, the corporation shall send the shareholder a written
statement of the information required on certificates by section 6(b)
and 6(c) of this chapter, and, if applicable, section 8 of this chapter.