Indiana Statutes
§ 28-13-4-9 — Parity of shareholder distribution with corporate indebtedness to unsecured creditors
Indiana § 28-13-4-9
This text of Indiana § 28-13-4-9 (Parity of shareholder distribution with corporate indebtedness to unsecured creditors) 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 § 28-13-4-9 (2026).
Text
A corporation's indebtedness to a shareholder
incurred by reason of a distribution made in accordance with this
chapter is on a parity with the corporation's indebtedness to the
corporation's general, unsecured creditors except to the extent
subordinated by agreement.
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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
Safe deposits and escrowsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 28-13-4-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-13-4-9.