Indiana Statutes
§ 23-1-42-11 — Dissenters' rights; "fair value" defined
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 42 Control Share Acquisitions
(a)Unless otherwise provided in a
corporation's articles of incorporation or bylaws before a control share
acquisition has occurred, in the event control shares acquired in a
control share acquisition are accorded full voting rights and the
acquiring person has acquired control shares with a majority or more
of all voting power, all shareholders of the issuing public corporation
have dissenters' rights as provided in this chapter.
(b)As soon as practicable after such events have occurred, the
board of directors shall cause a notice to be sent to all shareholders of
the corporation advising them of the facts and that they have dissenters'
rights to receive the fair value of their shares pursuant to IC 23-1-44.
(c)As used in this section, "fair value" means a value not less than
the highe
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Legislative History
As added by P.L.149-1986, SEC.26.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"