Ind. Code § 15-14-1-8

Current through P.L. 171-2024

Section 15-14-1-8 - Capital stock

(a) Except as provided in subsection (b), the capital stock of a corporation incorporated under this chapter may not exceed five hundred thousand dollars ($500,000).

(b) The capital stock of a corporation incorporated under this chapter may be increased by the vote of the stockholders at:

(1) an annual meeting of the stockholders; or

(2) a meeting called especially to increase the capital stock;

to an amount not exceeding one million dollars ($1,000,000).

IC 15-14-1-8

Pre-2008 Recodification Citation: 15-1-2-7.

As added by P.L. 2-2008, SEC.5.