Indiana Statutes
§ 28-13-4-4 — Withdrawal of capital stock prohibited
A corporation may not, during the time it
continues in business as such, withdraw or authorize or permit to be
withdrawn any portion of the capital stock in the form of dividends or
otherwise.
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Indiana § 28-13-4-4 (Withdrawal of capital stock prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.14-1992, SEC.163. Amended by P.L.262-1995,
SEC.85; P.L.258-2003, SEC.25.
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