Indiana Code > Title 23 > Article 1 > Chapter 48 – Deposit of Assets of Dissolved Corporation
Current as of: 2023 | Check for updates
|
Other versions
| § 23-1-48-1 | Deposit of assets; payment to claimant |
Terms Used In Indiana Code > Title 23 > Article 1 > Chapter 48 - Deposit of Assets of Dissolved Corporation
- 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.
- Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.