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Ind. Code § 27-1-9-15

Undisclosed compensation; violations

Formerly: Acts 1935, c.162, s.130

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.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.