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§ 23-1-42-4 — Indiana Law | CourtGPT
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  4. Title 23 - Business and Other Associations/
  5. Article 1 - Indiana Business Corporation Law/
  6. Chapter 42 - Control Share Acquisitions23-1-42-1. "Control Shares" Defined/
  7. § 23-1-42-4
Indiana Legal Code

§ 23-1-42-4

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(a) As used in this chapter, 'issuing public corporation' means a corporation that has:(1) one hundred (100) or more shareholders;(2) its principal place of business or its principal office in Indiana, or that owns or controls assets within Indiana having a fair market value of more than one million dollars ($1,000,000); and(3) either:(A) more than ten percent (10%) of its shareholders resident in Indiana;(B) more than ten percent (10%) of its shares owned of record or owned beneficially by Indiana residents; or(C) one thousand (1,000) shareholders resident in Indiana.(b) The residence of a record shareholder is presumed to be the address appearing in the records of the corporation.As added by P.L.149-1986, SEC.26. Amended by P.L.133-2009, SEC.36.