Sec. 6. "Disqualified person" means an individual, corporation, limited liability company, partnership, fiduciary, trust, association, government agency, or other entity that for any reason is or becomes ineligible under this article to own shares issued by a professional corporation. The term includes a charitable remainder unitrust or charitable remainder annuity trust that is or becomes a disqualified person for failure to comply with section 13(3) of this chapter.
Ind. Code § 23-1.5-1-6
"Disqualified person"
Applied in 1 court decision — leading case Wenzel v. Hopper & Galliher, P.C. (2002)
Most recently applied in Wenzel v. Hopper & Galliher, P.C. (November 2002)
As added by P.L.239-1983, SEC.1
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.