§ 23-0.6-3-5 — Articles of interest exchange; contents; filing

Indiana § 23-0.6-3-5

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

Text

(a) Articles of interest exchange must be
signed on behalf of a domestic acquired entity and filed with the
secretary of state.
(b) Articles of interest exchange must contain:
(1) the name and type of the acquired entity;
(2) the name, jurisdiction of organization, and type of the
acquiring entity;
(3) if the articles of interest exchange are not to be effective upon
filing, the later date and time on which the articles of interest
exchange will become effective, which may not be more than
ninety (90) days after the date of filing;
(4) a statement that the plan of interest exchange was approved by
the acquired entity in accordance with this chapter; and
(5) any amendments to the acquired entity's public organic
document approved as part of the plan of interest exchange.
(c) In addition to the requirements of subsection (b), articles of
interest exchange may contain any other provision not prohibited by
law.
(d) A plan of interest exchange that is signed on behalf of a
domestic acquired entity and meets all of the requirements of
subsection (b) may be filed with the secretary of state instead of articles
of interest exchange and upon filing has the same effect. If a plan of
interest exchange is filed as provided in this subsection, references in
this article to articles of interest exchange refer to the plan of interest
exchange filed under this subsection.
(e) Articles of interest exchange become effective upon the date and
time of filing or the later date and time specified in the articles of
interest exchange.

Legislative History

As added by P.L.118-2017, SEC.6.