Indiana § 23-0.6-1-3 Party to interest exchange, conversion, domestication; approval;
disposition of charitable assets

Indiana Statutes

§ 23-0.6-1-3 — Party to interest exchange, conversion, domestication; approval; disposition of charitable assets

Indiana § 23-0.6-1-3

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 0.6UNIFORM BUSINESS ORGANIZATION

Ch. 1General Provisions

This text of Indiana § 23-0.6-1-3 (Party to interest exchange, conversion, domestication; approval; disposition of charitable assets) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-0.6-1-3 (2026).

Text

(a)A domestic or foreign entity that is required to give notice to, or obtain the approval of, a governmental agency or officer under the law of Indiana in order to be a party to a merger must give the notice or obtain the approval in order to be a party to an interest exchange, conversion, or domestication.

(b)Property held for a charitable purpose under the law of Indiana by a domestic or foreign entity immediately before a transaction under this article becomes effective may not, as a result of the transaction, be diverted from the objects for which it was donated, granted, or devised unless, to the extent required by or pursuant to the law of Indiana concerning cy pres or other law dealing with nondiversion of charitable assets, the entity obtains an appropriate order specifying the

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(a) A domestic or foreign entity that is
required to give notice to, or obtain the approval of, a governmental
agency or officer under the law of Indiana in order to be a party to a
merger must give the notice or obtain the approval in order to be a
party to an interest exchange, conversion, or domestication.
(b) Property held for a charitable purpose under the law of Indiana
by a domestic or foreign entity immediately before a transaction under
this article becomes effective may not, as a result of the transaction, be
diverted from the objects for which it was donated, granted, or devised
unless, to the extent required by or pursuant to the law of Indiana
concerning cy pres or other law dealing with nondiversion of charitable
assets, the entity obtains an appropriate order specifying the disposition
of the property from a court having jurisdiction over the matter.