Indiana § 23-0.6-3-2 Plan of interest exchange; contents

Indiana Statutes

§ 23-0.6-3-2 — Plan of interest exchange; contents

Indiana § 23-0.6-3-2

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 0.6UNIFORM BUSINESS ORGANIZATION

Ch. 3Interest Exchange

This text of Indiana § 23-0.6-3-2 (Plan of interest exchange; contents) 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 § 23-0.6-3-2 (2026).

Text

(a)A domestic entity may be the acquired entity in an interest exchange under this article by approving a plan of interest exchange. The plan must be in a record and contain:

(1)the name and type of the acquired entity;

(2)the name, jurisdiction of organization, and type of the acquiring entity;

(3)the manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing;

(4)any proposed amendments to the public organic document or private organic rules that are, or are proposed to be, in a record of the acquired entity;

(5)the other terms and conditions of the interest exchange; and

(6)any other provision required by the law of this state or the organ

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A domestic entity may be the acquired
entity in an interest exchange under this article by approving a plan of
interest exchange. The plan must be in a record and contain:
(1) the name and type of the acquired entity;
(2) the name, jurisdiction of organization, and type of the
acquiring entity;
(3) the manner of converting the interests in the acquired entity
into interests, securities, obligations, rights to acquire interests or
securities, cash, or other property, or any combination of the
foregoing;
(4) any proposed amendments to the public organic document or
private organic rules that are, or are proposed to be, in a record of
the acquired entity;
(5) the other terms and conditions of the interest exchange; and
(6) any other provision required by the law of this state or the
organic rules of the acquired entity.
(b) A plan of interest exchange may contain any other provision not
prohibited by law.