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§ 23-1-5-3-5 — Indiana Law | CourtGPT
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  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 1.5 - Professional Corporations/
  6. Chapter 3 - Ownership23-1.5-3-1. Shares; Issuance; Transfer/
  7. § 23-1-5-3-5
Indiana Legal Code

§ 23-1-5-3-5

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This section applies to an administrator, executor, guardian, conservator, or receiver of the estate of a shareholder of a professional corporation who holds all of the outstanding shares of the corporation. Such a person may:(1) exercise voting rights; and(2) serve as a director and officer of the corporation;for the purposes of amending the articles of incorporation as provided in IC 23-1.5-4-2 or dissolving the corporation.As added by P.L.239-1983, SEC.1.