Indiana § 23-1-20-30 - Persons or entities constituting one shareholder
Full text of Indiana Indiana Code § 23-1-20-30 — Persons or entities constituting one shareholder, with citation guidance and answers to common questions.
§ 23-1-20-30. Persons or entities constituting one shareholder
Sec. 30. (a) For purposes of this article, each of the following, identified as a shareholder in a corporation's current record of shareholders, constitutes one (1) shareholder:
(1) Three (3) or fewer coowners. However, if there are four (4) or more coowners, each coowner shall be counted as a shareholder.
(2) A corporation, limited liability company, partnership, trust, estate, or other entity.
(3) The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
(b) For purposes of this article, shareholdings registered in substantially similar names constitute one (1) shareholder if it is reasonable to believe that the names represent the same person.
As added by P.L.149-1986, SEC.4. Amended by P.L.8-1993, SEC.302.
IC 23-1-21Chapter 21. Incorporation
23-1-21-1Incorporators; filing articles of incorporation 23-1-21-2Articles of incorporation; contents 23-1-21-3Date of corporate existence; filing of articles as evidence of valid existence 23-1-21-4Persons acting on behalf of nonexistent corporation; liability 23-1-21-5Organizational meeting 23-1-21-6Bylaws 23-1-21-7Emergency bylaws; events constituting emergency; authorized actions
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-1-20-30
What does Indiana Code § 23-1-20-30 cover?
Section 23-1-20-30 ("Persons or entities constituting one shareholder") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 23-1-20-30?
A common citation format is "Indiana Code § 23-1-20-30" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 23-1-20-30 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.