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Indiana Code Title 23. Business and Other Associations § 23-1-42-4

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 4. (a) As used in this chapter, “issuing public corporation” means a corporation that has:

(1) one hundred (100) or more shareholders;

(2) its principal place of business or its principal office in Indiana, or that owns or controls assets within Indiana having a fair market value of more than one million dollars ($1,000,000);  and

(3) either:

(A) more than ten percent (10%) of its shareholders resident in Indiana;

(B) more than ten percent (10%) of its shares owned of record or owned beneficially by Indiana residents;  or

(C) one thousand (1,000) shareholders resident in Indiana.

(b) The residence of a record shareholder is presumed to be the address appearing in the records of the corporation.

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-1-42-4 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-1-42-4/

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