Indiana § 23-1-44-17 Withholding payment by corporation; corporation's estimate of fair
value; after-acquired shares

Indiana Statutes

§ 23-1-44-17 — Withholding payment by corporation; corporation's estimate of fair value; after-acquired shares

Indiana § 23-1-44-17

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1INDIANA BUSINESS CORPORATION LAW

Ch. 44Dissenters' Rights

This text of Indiana § 23-1-44-17 (Withholding payment by corporation; corporation's estimate of fair value; after-acquired shares) 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 § 23-1-44-17 (2026).

Text

(a)A corporation may elect to withhold payment required by section 15 of this chapter from a dissenter unless the dissenter was the beneficial owner of the shares before the date set forth in the dissenters' notice as the date of the first announcement to news media or to shareholders of the terms of the proposed corporate action.

(b)To the extent the corporation elects to withhold payment under subsection (a), after taking the proposed corporate action, it shall estimate the fair value of the shares and shall pay this amount to each dissenter who agrees to accept it in full satisfaction of the dissenter's demand. The corporation shall send with its offer a statement of its estimate of the fair value of the shares and a statement of the dissenter's right to demand payment under section 1

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(a) A corporation may elect to withhold
payment required by section 15 of this chapter from a dissenter unless
the dissenter was the beneficial owner of the shares before the date set
forth in the dissenters' notice as the date of the first announcement to
news media or to shareholders of the terms of the proposed corporate
action.
(b) To the extent the corporation elects to withhold payment under
subsection (a), after taking the proposed corporate action, it shall
estimate the fair value of the shares and shall pay this amount to each
dissenter who agrees to accept it in full satisfaction of the dissenter's
demand. The corporation shall send with its offer a statement of its
estimate of the fair value of the shares and a statement of the dissenter's
right to demand payment under section 18 of this chapter.