§ 28-13-4-1 Power of board of directors to make distributions
§ 28-13-4-2 Share dividend or distribution dates of record, declaration, and payment
§ 28-13-4-3 Dividends; approval of department required; retained net income; exemption from approval requirements
§ 28-13-4-4 Withdrawal of capital stock prohibited
§ 28-13-4-5 Impairment of capital prohibited; maximum dividend
§ 28-13-4-7 Protective order for increase of capital and surplus or reduction of deposits; time period for compliance; increase in capital by corporate fiduciary
§ 28-13-4-9 Parity of shareholder distribution with corporate indebtedness to unsecured creditors

Terms Used In Indiana Code > Title 28 > Article 13 > Chapter 4 - Dividends and Other 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.
  • Fiduciary: A trustee, executor, or administrator.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5