Ind. Code § 23-1-22-1
Purpose of corporation; law governing
Indiana · Indiana Code Title 23 — Business and Other Associations · Status: effective
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- Ind. Code § 23-1-22-1, Purpose of corporation; law governing, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1652182
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Full text
Sec. 1.
(a) Every corporation incorporated under this article has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation.
(b) A corporation engaging in a business that is subject to regulation under another statute of this state may incorporate under this article unless provisions for incorporation of corporations engaging in that business exist under that statute.