Indiana § 23-1-44-11 Proposed action creating dissenters' rights; assertion of dissenters'
rights

Indiana Statutes

§ 23-1-44-11 — Proposed action creating dissenters' rights; assertion of dissenters' rights

Indiana § 23-1-44-11

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1INDIANA BUSINESS CORPORATION LAW

Ch. 44Dissenters' Rights

This text of Indiana § 23-1-44-11 (Proposed action creating dissenters' rights; assertion of dissenters' rights) 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 § 23-1-44-11 (2026).

Text

(a)If proposed corporate action creating dissenters' rights under section 8 of this chapter is submitted to a vote at a shareholders' meeting, a shareholder who wishes to assert dissenters' rights:

(1)must deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment for the shareholder's shares if the proposed action is effectuated; and

(2)must not vote the shareholder's shares in favor of the proposed action.

(b)A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment for the shareholder's shares under this chapter.

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(a) If proposed corporate action creating
dissenters' rights under section 8 of this chapter is submitted to a vote
at a shareholders' meeting, a shareholder who wishes to assert
dissenters' rights:
(1) must deliver to the corporation before the vote is taken written
notice of the shareholder's intent to demand payment for the
shareholder's shares if the proposed action is effectuated; and
(2) must not vote the shareholder's shares in favor of the proposed
action.
(b) A shareholder who does not satisfy the requirements of
subsection (a) is not entitled to payment for the shareholder's shares
under this chapter.