§ 23-1-42-8 — Notice

Indiana § 23-1-42-8

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

Text

(a) If a special meeting is requested, notice of
the special meeting of shareholders shall be given as promptly as
reasonably practicable by the issuing public corporation to all
shareholders of record as of the record date set for the meeting, whether
or not entitled to vote at the meeting.
(b) Notice of the special or annual shareholder meeting at which the
voting rights are to be considered must include or be accompanied by
both of the following:
(1) A copy of the acquiring person statement delivered to the
issuing public corporation pursuant to this chapter.
(2) A statement by the board of directors of the corporation,
authorized by its directors, of its position or recommendation, or
that it is taking no position or making no recommendation, with
respect to the proposed control share acquisition.

Legislative History

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