Indiana Statutes
§ 23-1.3-3-6 — Requirements for sale, lease, exchange, or other disposition of assets
Indiana § 23-1.3-3-6
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 1.3BENEFIT CORPORATIONS
Ch. 3Benefit Corporation Status
This text of Indiana § 23-1.3-3-6 (Requirements for sale, lease, exchange, or other disposition of assets) 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 § 23-1.3-3-6 (2026).
Text
Any sale, lease, exchange, or other disposition of all or substantially all of the assets of a benefit corporation is not effective unless one (1) or more of the following apply:
(1)The transaction is in the usual and regular course of business.
(2)The transaction is approved by at least a minimum status vote.
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Legislative History
As added by P.L.93-2015, SEC.3.
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"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-1.3-3-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-1.3-3-6.