§ 23-0.6-3-1 — Authorization of interest exchange

Indiana § 23-0.6-3-1

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 0.6: UNIFORM BUSINESS ORGANIZATION
• Ch. 3: Interest Exchange

Text

(a) Except as otherwise provided in this
chapter, by complying with this article:
(1) a domestic entity may acquire all of one (1) or more classes or
series of interests of another domestic or foreign entity in
exchange for interests, securities, obligations, rights to acquire
interests or securities, cash, or other property, or any combination
of the foregoing; or
(2) all of one (1) or more classes or series of interests of a
domestic entity may be acquired by another domestic or foreign
entity in exchange for interests, securities, obligations, rights to
acquire interests or securities, cash, or other property, or any
combination of the foregoing.
(b) Except as otherwise provided in this chapter, by complying with
the provisions of this article applicable to foreign entities, a foreign
entity may be the acquiring or acquired entity in an interest exchange
under this article if the interest exchange is authorized by the law of the
foreign entity's jurisdiction of organization.

Legislative History

As added by P.L.118-2017, SEC.6. Amended by P.L.206-2021, SEC.3.