Indiana Code 23-1.3-10-4. Send to shareholders
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Sec. 4. A benefit corporation shall send its annual benefit report to each shareholder on the earlier of:
(2) the same date that the benefit corporation delivers any other annual report to its shareholders.
(1) one hundred twenty (120) days following the end of the fiscal year of the benefit corporation; or
Terms Used In Indiana Code 23-1.3-10-4
- 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.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
As added by P.L.93-2015, SEC.3.