Payment of appraised value; disposition

Ind. Code § 8-4-12-3
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 3. The money so paid, as is provided in section 2 of this chapter, shall be held by such treasurer in trust for the payment, firstly, of the debts of such old company; and, secondly, the balance, if any, shall be equitably distributed among the stockholders thereof. Formerly: Acts 1867, c.80, s.3. As amended by P.L.62-1984, SEC.62.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/8Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements

Ind. Code § 8-4-12-3 — Payment of appraised value; disposition | Indiana Code (Aug. 2026 snapshot) | Corpus