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Indiana Code

Ind. Code § 23-1-17-1 (2025)

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✓ 2025 Indiana Code: the 2026 session is not included
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     Sec. 1. This article shall be known and may be cited as the Indiana Business Corporation Law.

As added by P.L.149-1986, SEC.1.

 

Notes of Decisions
Cited in 9 cases, 1987–2006 · leading case: Indiana Wholesale Wine & Liquor Co. v. State Ex Rel. Indiana Alcoholic Beverage Comm'n, 695 N.E.2d 99 (Ind. 1998).
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Indiana Wholesale Wine & Liquor Co. v. State Ex Rel. Indiana Alcoholic Beverage Comm'n, 695 N.E.2d 99 (Ind. 1998). · cites it 4× “The Indiana Business Corporation Law ("BCL”), codified at Ind.Code § 23-1-17-1 through § 23-1-54-3, does not define common or preferred stock except in the context of business combinations.”
CTS Corp. v. Dynamics Corp. of Am., 481 U.S. 69 (1987). · cites it 2× “I A On March 4, 1986, the Governor of Indiana signed a revised Indiana Business Corporation Law, Ind. Code § 23-1-17-1 et seq. (Supp. 1986).”
Indiana Dep't of Pub. Welfare v. Chair Lance Serv., Inc., 523 N.E.2d 1373 (Ind. 1988). · cites it 4× “Recodified in Ind. Code § 23-1-17-1 et seq. (Burns 1987 Supp.”
FGS Enter., Inc. v. Shimala, 625 N.E.2d 1226 (Ind. 1993). · cites it 4× “[3] The entire BCL encompasses Ind. Code §§ 23-1-17-1 through XX-X-XX-X.”
In Re Guidant Shareholders Derivative, 841 N.E.2d 571 (Ind. 2006). · cites it 2× “The Commission based the BCL largely on the 1984 version of the Revised Model Business Corporation Act ("RMA"), a guide for state business corporation statutes published by the Committee on Corporate Laws of the American Bar Association's Section on Business Law.”
Melrose v. Capitol City Motor Lodge, Inc., 705 N.E.2d 985 (Ind. 1998). · cites it 2× “The Indiana Business Corporation Law is comprised of Indiana Code §§ 23-1-17-1 through 23-1-54-3.”
Fleming v. Int'l Pizza Supply Corp., 676 N.E.2d 1051 (Ind. 1997). · cites it 2× “In 1991, Jensen voted his shares in favor of a transaction in which the corporation sold all or substantially all of its assets pursuant to the asset sale chapter of the BCL, Ind.”
Young v. Gen. Acceptance Corp., 738 N.E.2d 1079 (Ind. Ct. App. 2000). · cites it 2× “The legislature then adopted Indiana’s current Business Corporation Law, Ind.Code §§ 23-1-17-1 et seq. (the “BCL”), and authorized the publishing of the “Official Comments,” which can “be consulted by the courts to determine the underlying reasons, purposes, and policies of the…”
Grand Metro. PLC v. Pillsbury Co., 704 F. Supp. 538 (D. Del. 1988). “Ind. Code § 23-1-17-1 et seq. The District Court granted Dynamics’ motion for a preliminary injunction holding that the Indiana Act is pre-empted by the Williams Act and the Court of Appeals for the Seventh Circuit affirmed.”
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