Sec. 4. (a) As used in this chapter, "issuing public corporation" means a corporation that has: (1) one hundred (100) or more shareholders; (2) its principal place of business or its principal office in Indiana, or that owns or controls assets within Indiana having a fair market value of more than one million dollars ($1,000,000); and (3) either: (A) more than ten percent (10%) of its shareholders resident in Indiana; (B) more than ten percent (10%) of its shares owned of record or owned beneficially by Indiana residents; or (C) one thousand (1,000) shareholders resident in Indiana. (b) The residence of a record shareholder is presumed to be the address appearing in the records of the corporation.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.