Statutes, codes, and regulations
Indiana Code
Title 28 - FINANCIAL INSTITUTIONSArticle 1 - DEPARTMENT OF FINANCIAL INSTITUTIONS
Chapter 22 - FOREIGN CORPORATIONS
Section 28-1-22-10 - Premature transaction of business; personal liability of officers and directors

Ind. Code § 28-1-22-10

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Current through P.L. 171-2024
Section 28-1-22-10 - Premature transaction of business; personal liability of officers and directors

If a foreign corporation transacts business in this state before it has received the approval of the department, the officers and directors of the corporation shall be severally liable for the liabilities of the corporation that result from the corporation's transaction of business in Indiana.

IC 28-1-22-10

(Formerly: Acts 1933, c.40, s.333.) As amended by P.L. 171-1996, SEC.15; P.L. 11-1998, SEC.3.