Indiana Statutes
§ 28-5-1-5 — Capital requirements
Indiana § 28-5-1-5
This text of Indiana § 28-5-1-5 (Capital requirements) 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 § 28-5-1-5 (2026).
Text
The capital stock of any company engaged in business under the provisions of this chapter:
(1)shall be in an amount determined by the department based on
the risk profile and business activity of the company during any
application or approval process required by the department under
this chapter;
(2)shall be fully paid to the corporation in cash; and
(3)shall not at any time thereafter be voluntarily reduced below
the amount originally paid in.
Ongoing capital requirements shall be risk-based, as determined by the
department. In the event the capital of any such company should for
any reason become impaired, as determined by the department, the
right to issue certificates of indebtedness or investment as provided in
this chapter shall forthwith be suspended until said capital stock has
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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 § 28-5-1-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-5-1-5.