Sec. 4. A society, an association, or a corporation described in section 1 of this chapter may:

(1) dissolve; and

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Terms Used In Indiana Code 15-14-5-4

  • 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.
(2) liquidate;

the affairs of the society, association, or corporation in the same manner as corporations generally are authorized to do.

[Pre-2008 Recodification Citation: 15-1-10-3.]

As added by P.L.2-2008, SEC.5.