Indiana Code 23-1-38-5. Corporation not yet issuing shares; adoption of amendments by board of directors
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Terms Used In Indiana Code 23-1-38-5
- 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. 5. If a corporation has not yet issued shares, its board of directors (or if a board of directors has not been selected, then the incorporators) may adopt one (1) or more amendments to the corporation’s articles of incorporation.
As added by P.L.149-1986, SEC.22.