Indiana Statutes
§ 23-1-54-2 — Preemptive rights in existence under prior law
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 54 Miscellaneous Provisions
Shareholders' preemptive rights in existence on
July 31, 1987 (or on the date specified by a resolution of the board of
directors of a corporation adopted under IC 23-1-17-3(b)), under prior
law continue in effect as created under prior law. However, if the
corporation's articles of incorporation are amended under this article
with respect to preemptive rights, then all shareholders' preemptive
rights are subject to this article after the amendment is effective.
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Legislative History
As added by P.L.149-1986, SEC.38.
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"