Indiana Code 28-1-9-20. Pending liquidations; acceptance of chapter
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Terms Used In Indiana Code 28-1-9-20
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Statute: A law passed by a legislature.
Sec. 20. Any bank of discount and deposit, loan and trust and safe deposit company, or building and loan association organized under the provisions of any statute enacted prior to February 24, 1933, which is in voluntary liquidation on February 24, 1933, pursuant to any statute of this state may accept the provisions of this chapter and continue the liquidation of such corporation pursuant to the terms and provisions of this chapter.
Formerly: Acts 1933, c.40, s.161. As amended by P.L.263-1985, SEC.51.