Statutes, codes, and regulations
Indiana Code
Title 23 - BUSINESS AND OTHER ASSOCIATIONSArticle 1 - INDIANA BUSINESS CORPORATION LAW
Chapter 28 - DISTRIBUTIONS TO SHAREHOLDERS
Section 23-1-28-2 - Record date, declaration date, and payment date

Ind. Code § 23-1-28-2

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Current through P.L. 171-2024
Section 23-1-28-2 - Record date, declaration date, and payment date

The board of directors may fix a record date, declaration date, and payment date with respect to any share dividend or distribution to a corporation's shareholders. If the board of directors does not fix the record date for determining shareholders entitled to a distribution (other than one involving a repurchase or reacquisition of shares), it is the date the board of directors authorizes the distribution.

IC 23-1-28-2

As added by P.L. 149-1986, SEC.12.