There is a newer version
of
this Section
2019 Indiana Code
Title 23. Business and Other Associations
Article 5. Other Business Associations
Chapter 1. Indiana Business Trust Act
23-5-1-6. Conditions precedent to beginning business; liability for violations
Universal Citation: IN Code § 23-5-1-6 (2019)
IC 23-5-1-6 Conditions precedent to beginning business; liability for violations
Sec. 6. No business trust shall transact any business in this state, except such as may be incident to its organization, until it has fully complied with sections 4 and 5 of this chapter, and in event of any violation of this section, all trustees of such business trust, except those who filed their written dissent in the office of the secretary of state before such business was transacted, shall be jointly and severally liable for all debts and obligations of the business trust arising from the business so transacted in this state prior to compliance with sections 4 and 5 of this chapter.
Formerly: Acts 1963, c.353, s.6. As amended by P.L.34-1987, SEC.327.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
