Powers of Administrator, Executor, Guardian, and Others of Estate of Shareholder Who Holds All Outstanding Shares

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  6. Powers of Administrator, Executor, Guardian, and Others of Estate of Shareholder Who Holds All Outstanding Shares

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Sec. 5. This section applies to an administrator, executor, guardian, conservator, or receiver of the estate of a shareholder of a professional corporation who holds all of the outstanding shares of the corporation. Such a person may:

(1) exercise voting rights; and

(2) serve as a director and officer of the corporation;

for the purposes of amending the articles of incorporation as provided in IC 23-1.5-4-2 or dissolving the corporation.

As added by P.L.239-1983, SEC.1.


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