Indiana Statutes
§ 28-13-4-1 — Power of board of directors to make distributions
Indiana § 28-13-4-1
This text of Indiana § 28-13-4-1 (Power of board of directors to make distributions) 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 § 28-13-4-1 (2026).
Text
A board of directors may authorize and the
corporation may make distributions to the corporation's shareholders
subject to restriction by the articles of incorporation and the limitations
in section 3 of this chapter.
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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
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Bluebook (online)
Indiana § 28-13-4-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-13-4-1.