Ind. Code § 28-1-9-4
Restrictions on dividends and business pending payment of debts and liabilities
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
Cite this
- Citation
- Ind. Code § 28-1-9-4, Restrictions on dividends and business pending payment of debts and liabilities, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1665640
- Permanent ID
ys:prov:1665640@1- SHA-256
4b141ea1097af4c043c7f1cf15030b3de3c40f395b5684c3934c3a90d3f4d036
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 4. After the vote of the shareholders shall have been taken, as hereinbefore provided, no dividend or profits shall be paid to the shareholders, nor shall any part of the capital be withdrawn by or paid to the shareholders, in any manner whatsoever, nor shall such corporation transact any business whatsoever except such as may be necessary or incidental to its dissolution, until all of the debts and liabilities of the corporation of every kind are fully paid.