Indiana Code 23-1.3-2-3. “Benefit corporation”
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Sec. 3. “Benefit corporation” means a corporation to which both the following apply:
(2) The status of the corporation as a benefit corporation has not been terminated.
(1) The corporation has elected to become subject to this article.
Terms Used In Indiana Code 23-1.3-2-3
- 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.
As added by P.L.93-2015, SEC.3.