Ind. Code § 8-4-12-3

Current through P.L. 171-2024

Section 8-4-12-3 - Payment of appraised value; disposition

The money so paid, as is provided in section 2 of this chapter, shall be held by such treasurer in trust for the payment, firstly, of the debts of such old company; and, secondly, the balance, if any, shall be equitably distributed among the stockholders thereof.

IC 8-4-12-3

(Formerly: Acts 1867, c.80, s.3.) As amended by P.L. 62-1984, SEC.62.