Indiana Code > Title 23 > Article 17 > Chapter 21 – Distributions
Current as of: 2023 | Check for updates
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Other versions
| § 23-17-21-1 | Prohibited distributions |
| § 23-17-21-2 | Exceptions to prohibition |
Terms Used In Indiana Code > Title 23 > Article 17 > Chapter 21 - Distributions
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.