Indiana § 27-1-9-15 - Undisclosed compensation; violations
Full text of Indiana Indiana Code § 27-1-9-15 — Undisclosed compensation; violations, with citation guidance and answers to common questions.
§ 27-1-9-15. Undisclosed compensation; violations
Sec. 15. (a) No director, officer, or member of any such corporation or corporations, except as fully expressed in the affidavits described in section 14 of this chapter, may receive any money or other property for aiding, promoting, or assisting in such a merger, consolidation, or reinsurance.
(b) A person who violates this section commits a Class A misdemeanor.
Formerly: Acts 1935, c.162, s.130. As amended by Acts 1978, P.L.2, SEC.2709.
IC 27-1-10Chapter 10. Voluntary Dissolution
27-1-10-1Surrender of certificate of incorporation; time; procedure 27-1-10-2Submission of question of dissolution; vote of shareholders, members, or policyholders 27-1-10-3Reinsurance of noncancellable policies 27-1-10-4Publication of notice of dissolution; payment of debts and liabilities; distribution of remaining assets; disposal of unclaimed distributive shares 27-1-10-5Articles of dissolution; contents; executions; approval 27-1-10-6Articles of dissolution; duties of secretary of state 27-1-10-7Articles of dissolution; filing certified copies; surrender of certificate of authority; recording 27-1-10-8Final dissolution; pending liabilities
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-1-9-15
What does Indiana Code § 27-1-9-15 cover?
Section 27-1-9-15 ("Undisclosed compensation; violations") 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 § 27-1-9-15?
A common citation format is "Indiana Code § 27-1-9-15" (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 § 27-1-9-15 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.