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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 1.5. PROFESSIONAL CORPORATIONS
CHAPTER 3. Ownership
23-1.5-3-5. Powers of administrator, executor, guardian, and others of estate of shareholder who holds all outstanding shares
Universal Citation: IN Code § 23-1.5-3-5 (2018)
IC 23-1.5-3-5 Powers of administrator, executor, guardian, and others of estate of shareholder who holds all outstanding shares
Sec. 5. This section applies to an administrator, executor, guardian, conservator, or receiver of the estate of a shareholder of a professional corporation who holds all of the outstanding shares of the corporation. Such a person may:
(1) exercise voting rights; and
(2) serve as a director and officer of the corporation;
for the purposes of amending the articles of incorporation as provided in IC 23-1.5-4-2 or dissolving the corporation.
As added by P.L.239-1983, SEC.1.
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