Indiana § 22-2-12-2 - Corporate stock; payment or refund; release of employer
Full text of Indiana Indiana Code § 22-2-12-2 — Corporate stock; payment or refund; release of employer, with citation guidance and answers to common questions.
§ 22-2-12-2. Corporate stock; payment or refund; release of employer
Sec. 2. Should said payment or refund made as provided in section 1 of this chapter be comprised in whole or in part of stock in any corporation, such corporation may accept said stock for transfer as directed by the employer, former employer, or the trustee making such payment or refund, and shall be entitled to treat the transferee as the owner of the stock for all purposes unless and until the corporation has received at its home office written notice by or on behalf of some other person that the other person claims to be entitled to the stock or to some interest in the stock.
Formerly: Acts 1957, c.63, s.2. As amended by P.L.144-1986, SEC.19; P.L.136-2018, SEC.112.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 22-2-12-2
What does Indiana Code § 22-2-12-2 cover?
Section 22-2-12-2 ("Corporate stock; payment or refund; release of employer") 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 § 22-2-12-2?
A common citation format is "Indiana Code § 22-2-12-2" (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 § 22-2-12-2 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.