Indiana § 28-13-4-2 Share dividend or distribution dates of record, declaration, and
payment

Indiana Statutes

§ 28-13-4-2 — Share dividend or distribution dates of record, declaration, and payment

Indiana § 28-13-4-2

Art. 13CORPORATE GOVERNANCE

Ch. 4Dividends and Other Distributions

This text of Indiana § 28-13-4-2 (Share dividend or distribution dates of record, declaration, and payment) 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 § 28-13-4-2 (2026).

Text

The board of directors may fix a record date,
declaration date, and payment date with respect to any share dividend
or distribution to the shareholders of the corporation. If the board of
directors does not fix the record date for determining shareholders
entitled to a distribution, other than one involving a repurchase or
reacquisition of shares, the record date is the date the board of directors
authorizes the distribution.

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The board of directors may fix a record date,
declaration date, and payment date with respect to any share dividend
or distribution to the shareholders of the corporation. If the board of
directors does not fix the record date for determining shareholders
entitled to a distribution, other than one involving a repurchase or
reacquisition of shares, the record date is the date the board of directors
authorizes the distribution.