§ 23-17-17-10 — Amendment of articles of incorporation to carry out reorganization plan

Indiana § 23-17-17-10

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 17: NONPROFIT CORPORATIONS
• Ch. 17: Amendment of Articles of Incorporation

Text

(a) A corporation's articles of incorporation
may be amended without approval:
(1) of the board of directors;
(2) by the members; or
(3) as required by section 1 of this chapter;
to carry out a plan of reorganization ordered by a court of competent
jurisdiction under federal statute if the articles of incorporation after
amendment contain only provisions required or permitted under IC 23-17-3-2.
(b) An individual designated by a court shall deliver to the secretary
of state articles of amendment setting forth the following:
(1) The name of the corporation.
(2) The text of each amendment approved by the court.
(3) The date of the court's order or decree approving the articles
of amendment.
(4) The title of the reorganization proceeding in which the order
or decree was entered.
(5) A statement that the court had jurisdiction of the proceeding
under federal statute.
(c) This section does not apply after entry of a final decree in the
reorganization proceeding even though the court retains jurisdiction of
the proceeding for limited purposes unrelated to consummation of the
reorganization plan.

Legislative History

As added by P.L.179-1991, SEC.1. Amended by P.L.1-1992, SEC.125.