Indiana Code 34-33-2-2. Appointment of agent for process; automatic appointment predicated on acceptance of position of director
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Sec. 2. (a) This section applies to a person who:
(2) accepts an election or appointment as a director or serves as a director in a corporation organized under the laws of Indiana.
(1) is a nonresident of Indiana; and
Terms Used In Indiana Code 34-33-2-2
- 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.
(b) By and as a condition of:
(1) accepting an election or appointment as a director; or
(2) serving as a director;
a person described in subsection (a) automatically appoints the resident agent of the corporation as the person’s agent upon whom process may be served in an action commenced by or against the corporation and in which the person is a proper or necessary party.
[Pre-1998 Recodification Citation: 34-2-2-2.]
As added by P.L.1-1998, SEC.29.