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·Art. 13 CORPORATE GOVERNANCE·Ch. 4 Dividends and Other Distributions

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.

Indiana § 28-13-4-2 (Share dividend or distribution dates of record, declaration, and payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.