Indiana § 23-17-4-4 - Challenges based on corporate power to act
Full text of Indiana Indiana Code § 23-17-4-4 — Challenges based on corporate power to act, with citation guidance and answers to common questions.
§ 23-17-4-4. Challenges based on corporate power to act
Sec. 4. (a) Except as provided in subsection (b), the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.
(b) A corporation's power to act may be challenged in a proceeding against the corporation for a declaratory judgment or to enjoin an act where a third party has not acquired rights. The proceeding may be brought by the attorney general or a director.
As added by P.L.179-1991, SEC.1.
IC 23-17-5Chapter 5. RepealedRepealed by P.L.118-2017, SEC.88.
IC 23-17-6Chapter 6. RepealedRepealed by P.L.118-2017, SEC.89.
IC 23-17-7Chapter 7. Members; Admission; Types of Memberships; Rights and Duties
23-17-7-1Criteria or procedures for admission; consent 23-17-7-2Consideration for admission 23-17-7-3Corporations without members 23-17-7-4Rights and duties; membership classes 23-17-7-5Transfer rights; restrictions 23-17-7-6Liability for acts or debts of corporation 23-17-7-7Liability for obligations; transferee's liability 23-17-7-8Creditor's proceedings; liability of members; prerequisites; intervention and joinder 23-17-7-9Advancements or loans to corporation; return or repayment
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-17-4-4
What does Indiana Code § 23-17-4-4 cover?
Section 23-17-4-4 ("Challenges based on corporate power to act") 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 § 23-17-4-4?
A common citation format is "Indiana Code § 23-17-4-4" (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 § 23-17-4-4 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.