Voting Right; Rights to Assets on Dissolution

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Sec. 2. The articles of incorporation must authorize the following:

(1) At least one (1) class of shares that together have unlimited voting rights.

(2) At least one (1) class of shares, which may be the same class or classes as those with voting rights, that together are entitled to receive the net assets of the corporation upon dissolution.

As added by P.L.14-1992, SEC.163.


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