§ 23-1-42-6 — Acquiring person statement

Indiana § 23-1-42-6

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 1: INDIANA BUSINESS CORPORATION LAW
• Ch. 42: Control Share Acquisitions

Text

Any person who proposes to make or has made
a control share acquisition may at the person's election deliver an
acquiring person statement to the issuing public corporation at the
issuing public corporation's principal office. The acquiring person
statement must set forth all of the following:
(1) The identity of the acquiring person and each other member
of any group of which the person is a part for purposes of
determining control shares.
(2) A statement that the acquiring person statement is given
pursuant to this chapter.
(3) The number of shares of the issuing public corporation owned
(directly or indirectly) by the acquiring person and each other
member of the group.
(4) The range of voting power under which the control share
acquisition falls or would, if consummated, fall.
(5) If the control share acquisition has not taken place:
(A) a description in reasonable detail of the terms of the
proposed control share acquisition; and
(B) representations of the acquiring person, together with a
statement in reasonable detail of the facts upon which they are
based, that the proposed control share acquisition, if
consummated, will not be contrary to law, and that the
acquiring person has the financial capacity to make the
proposed control share acquisition.

Legislative History

As added by P.L.149-1986, SEC.26.