Ind. Code § 28-13-4-4

Current through P.L. 171-2024

Section 28-13-4-4 - Withdrawal of capital stock prohibited

A corporation may not, during the time it continues in business as such, withdraw or authorize or permit to be withdrawn any portion of the capital stock in the form of dividends or otherwise.

IC 28-13-4-4

As added by P.L. 14-1992, SEC.163. Amended by P.L. 262-1995, SEC.85; P.L. 258-2003, SEC.25.