§ 23-17-7-1 Criteria or procedures for admission; consent
§ 23-17-7-2 Consideration for admission
§ 23-17-7-3 Corporations without members
§ 23-17-7-4 Rights and duties; membership classes
§ 23-17-7-5 Transfer rights; restrictions
§ 23-17-7-6 Liability for acts or debts of corporation
§ 23-17-7-7 Liability for obligations; transferee’s liability
§ 23-17-7-8 Creditor’s proceedings; liability of members; prerequisites; intervention and joinder
§ 23-17-7-9 Advancements or loans to corporation; return or repayment
non profit

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Terms Used In Indiana Code > Title 23 > Article 17 > Chapter 7 - Members; Admission; Types of Memberships; Rights and Duties

  • 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.
  • Executor: A male person named in a will to carry out the decedent
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Legatee: A beneficiary of a decedent
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Trustee: A person or institution holding and administering property in trust.