Sec. 13. (a) As used in this chapter, “resident domestic corporation” means a corporation that has one hundred (100) or more shareholders.

     (b) A resident domestic corporation does not cease to be a resident domestic corporation by reason of events occurring or actions taken while the resident domestic corporation is subject to this chapter.

As added by P.L.149-1986, SEC.27.

Terms Used In Indiana Code 23-1-43-13

  • 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.
  • resident domestic corporation: means a corporation that has one hundred (100) or more shareholders. See Indiana Code 23-1-43-13