Ind. Code § 27-1-6-12
This is the official text of Ind. Code § 27-1-6-12, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Commencement of corporate existence; powers
Official statutory text
Sec. 12. Upon the issuance of the permit for completion of organization by the department, the corporate existence shall begin, and thereupon such incorporators and their associates shall become a body corporate with power to sue and be sued, contract and be contracted with, adopt a seal, and do such other acts, subject to the provisions and to the restrictions of this article, as shall be needful to accomplish the purpose of completing its organization, provided, that such company shall not issue policies or enter into contracts of insurance until it shall have received the certificate of the department authorizing it so to do.
Formerly: Acts 1935, c.162, s.72. As amended by P.L.252-1985, SEC.22.
Formerly: Acts 1935, c.162, s.72. As amended by P.L.252-1985, SEC.22.
Status: in_force · Read it on the official government site
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