Ind. Code § 8-1-13-15

Current through P.L. 171-2024

Section 8-1-13-15 - Purchase; own obligations

A corporation may, out of any funds available for that purpose, purchase any obligations issued by it at a price determined by resolution of the board together with accrued interest on the obligations. All obligations purchased in that manner shall be cancelled.

IC 8-1-13-15

(Formerly: Acts 1935, c.175, s.15.) As amended by P.L. 109-1989, SEC.3.