Consideration for admission

Ind. Code § 23-17-7-2
in effect
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Sec. 2. Except as provided in a corporation's articles of incorporation or bylaws, a corporation may admit members for either of the following: (1) No consideration. (2) Consideration determined by the board of directors. As added by P.L.179-1991, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/23Fetched: 10/17/2026

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