Judgment or exclusion from office, franchise, or corporate rights;
dissolution of corporation
Sec. 5. (a) This section applies whenever:
(1) a person is found guilty of usurping, intruding into, or
unlawfully exercising:
(A) an office or a franchise within Indiana; or
(B) an office in a corporation created by the authority of this
state;
(2) a public officer thus charged is found guilty of having done
or suffered an act which, by law, works a forfeiture of the
office; or
(3) an association or number of persons is found guilty of
having acted as a corporation, without having been legally
incorporated.
(b) The court shall give judgment of ouster against the defendant
and:
(1) exclude the defendant from the office, franchise, or
corporate rights;
(2) in cases of corporations, dissolve the corporation; and
(3) adjudge costs in favor of the plaintiff.
As added by P.L.1-1998, SEC.12.
Last modified: May 24, 2006