Power of Board of Directors to Make Distributions

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Corporate Governance
  5. Dividends and Other Distributions
  6. Power of Board of Directors to Make Distributions

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Sec. 1. A board of directors may authorize and the corporation may make distributions to the corporation's shareholders subject to restriction by the articles of incorporation and the limitations in section 3 of this chapter.

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


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