Sec. 8. (a) Upon the issuance of the certificate of dissolution and the recording of the articles of dissolution, as provided in section 7 of this chapter, the corporation shall be dissolved and its existence shall cease. (b) The dissolution of any corporation in accordance with the provisions of this article shall not take away or impair any remedy against such corporation, its directors, officers, or shareholders, for any liability incurred by the corporation previous to its dissolution if suit is brought and service of process is had, as provided by the laws of this state, within two (2) years after the date of such dissolution. Formerly: Acts 1935, c.162, s.138. As amended by P.L.252-1985, SEC.52. IC 27-1-11 Chapter 11. Reorganization of Existing Insurance Companies 27-1-11-1 Authority to reorganize; reorganization of mutual company as stock company unauthorized 27-1-11-2 Articles; approval by directors 27-1-11-3 Articles; submission to shareholders, members, or policyholders; vote required; eligibility to vote 27-1-11-4 Articles; execution; approval or disapproval by department 27-1-11-5 Articles; presentation to secretary of state; duties of secretary of state 27-1-11-6 Filing copy of articles; cancellation of certificate of authority; recording articles; exercise of new powers 27-1-11-7 Completion of reorganization; effect
‹ 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.