CHAPTER 1. APPLICATION
IC 23-17
ARTICLE 17. NONPROFIT CORPORATIONS
IC 23-17-1
Chapter 1. Application
IC 23-17-1-1
Domestic corporations; application of article
Sec. 1. (a) After July 31, 1993, this article applies to a domestic
corporation in existence on July 31, 1993, that was incorporated
under or subject to the following:
(1) IC 23-7-1.1 (repealed).
(2) The Indiana general not for profit corporation act of 1935.
(b) After July 31, 1991, an entity organized under Indiana law for
a purpose for which a corporation may be organized under this article
may accept the provisions of this article and avail the corporation of
the rights, privileges, immunities, and franchises provided by this
article by taking the following actions:
(1) The entity's board of directors or governing body must adopt
a resolution electing to have this article apply to the entity.
(2) The resolution must specify a date after July 31, 1991, after
which the provisions of this article will apply to the entity.
(3) The resolution must be filed with the secretary of state, with
a statement providing the name and address of the entity's
registered agent before the date specified under subdivision (2).
As added by P.L.179-1991, SEC.1. Amended by P.L.1-2010, SEC.93.
IC 23-17-1-2
Foreign corporations; application of article
Sec. 2. After July 31, 1993, this article applies to a foreign
corporation that desires to transact business in Indiana. A foreign
corporation authorized to transact business in Indiana on July 31,
1993, is subject to this article but is not required to obtain a new
certificate of authority to transact business under this article.
As added by P.L.179-1991, SEC.1.
IC 23-17-1-3
Official comments; publication; construction and application of
article
Sec. 3. Official comments may be published by the Indiana
business law survey commission and, after publication, the
comments may be consulted by the courts to determine the
underlying reasons, purposes, and policies of this article and may be
used as a guide in this article's construction and application.
As added by P.L.179-1991, SEC.1. Amended by P.L.130-2006,
SEC.24.
IC 23-17-1-4
Article citation
Sec. 4. This article may be cited as the Indiana Nonprofit
Corporation Act of 1991.
As added by P.L.96-1993, SEC.4.