Indiana Code 23-1.3-6-4. Status of actions
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Terms Used In Indiana Code 23-1.3-6-4
- 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.
Sec. 4. The act or inaction of an individual in the individual’s capacity as a benefit director shall constitute for all purposes an act or inaction of that individual in the capacity of a director of the benefit corporation.
As added by P.L.93-2015, SEC.3.