There Is a Newer Version of the Indiana Code
2006 Indiana Code - CHAPTER 4. DIVIDENDS AND OTHER DISTRIBUTIONS
IC 28-13-4Chapter 4. Dividends and Other Distributions
IC 28-13-4-1
Power of board of directors to make distributions
Sec. 1. A board of directors may authorize and the corporation
may make distributions to the corporation's shareholders subject to
restriction by the articles of incorporation and the limitations in
section 3 of this chapter.
As added by P.L.14-1992, SEC.163.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
