Indiana § 23-5-1-3 - Business trust created prior to chapter
Full text of Indiana Indiana Code § 23-5-1-3 — Business trust created prior to chapter, with citation guidance and answers to common questions.
§ 23-5-1-3. Business trust created prior to chapter
Sec. 3. A business trust is hereby declared to be a permitted form of association for the conduct of business in this state, provided the provisions of this chapter are complied with, except that nothing contained in this chapter shall be construed to limit, prohibit, or invalidate the existence, acts, or obligations to the state or to any person, of any business trust created or doing business in this state prior to August 12, 1963.
Formerly: Acts 1963, c.353, s.3. As amended by P.L.34-1987, SEC.325.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 23-5-1-3
What does Indiana Code § 23-5-1-3 cover?
Section 23-5-1-3 ("Business trust created prior to chapter") 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 § 23-5-1-3?
A common citation format is "Indiana Code § 23-5-1-3" (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 § 23-5-1-3 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.