Indiana Statement of Reduction of Capital of a Corporation

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Multi-State
Control #:
US-1083BG
Format:
Word; 
Rich Text
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Description

Stated Capital is the nominal value (or "par" value) of all the outstanding shares of a corporation. Generally, it is an amount equal to the cash consideration (or equivalent fair value of property or past services) received by a corporation in exchange for the issue of shares.
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FAQ

Where a CBCA corporation issues shares by declaring a stock dividend, the stated capital of the shares issued is the declared amount of the dividend (which may be nominal).

Business and Other Associations § 23-1-35-1. (3) in a manner the director reasonably believes to be in the best interests of the corporation. (3) a committee of the board of directors of which the director is not a member if the director reasonably believes the committee merits confidence.

(a) A foreign entity may not do business in Indiana until it registers with the secretary of state under this article. However, this requirement does not apply to foreign regulated entities.

Indiana Code § 23-0.5-3-1. Permitted Names; Falsely Implying Government Agency Status or Connection :: 2022 Indiana Code :: US Codes and Statutes :: US Law :: Justia.

A company may want to reduce its share capital for various reasons, including to create distributable reserves to pay a dividend or to buy back or redeem its own shares; to reduce or eliminate accumulated realised losses in order to be able to make distributions in the future; to return surplus capital to shareholders; ...

Indiana Code Section 23-0.5-2-13 requires LLCs to submit a biennial business entity report to the Secretary of State every other year. You can file online for a $31 fee or by mail for a $50 fee.

The employer may, within ninety (90) days after receipt of notice of suit from the employee or the employee's dependents, join in the action upon the employer's motion so that all orders of court after hearing and judgment shall be made for the employer's protection.

Section 35-32-2-2 - Theft or conversion; receiving stolen property (a) A person may be tried for theft or conversion in any county in which he exerted unauthorized control over the property. (b) A person may be tried for receiving stolen property in any county in which he receives, retains, or disposes of the property.

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Indiana Statement of Reduction of Capital of a Corporation