Ind. Code § 28-1-9-19
This is the official text of Ind. Code § 28-1-9-19, 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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Expired corporations; continuation for purposes of liquidation
Official statutory text
Sec. 19. Every corporation whose term of existence, as fixed by the articles of incorporation, has expired shall continue its corporate capacity for two (2) years for the purpose of liquidating its affairs and distributing its assets to its shareholders, after paying all of its liabilities, and for no other purpose. For such purpose, every such corporation shall use its corporate name and shall be capable of prosecuting and defending actions and suits at law or in equity.
Formerly: Acts 1933, c.40, s.160.
Formerly: Acts 1933, c.40, s.160.
Status: repealed · Read it on the official government site
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