Indiana Code 28-3-4-2. Amendment of articles as to corporate duration
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Terms Used In Indiana Code 28-3-4-2
- 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.
- Statute: A law passed by a legislature.
Sec. 2. Any bank or trust company organized under any statute of this state may amend its articles of incorporation in the manner prescribed in IC 28-13-14. Any bank or trust company electing to amend its articles of incorporation in such manner may, among other things, provide that such bank or trust company may continue as a corporation, under its corporate name, for the period limited in its articles of incorporation as amended, or, if the period is not so limited therein, then perpetually.
Formerly: Acts 1941, c.166, s.2. As amended by P.L.263-1985, SEC.134; P.L.14-1992, SEC.111.