Indiana § 27-3-1-4 Filing; time plan becomes effective

Indiana Statutes

§ 27-3-1-4 — Filing; time plan becomes effective

Indiana § 27-3-1-4

Title 27INSURANCE

Art. 3CONSOLIDATIONS AND REORGANIZATION

Ch. 1Exchange of Securities

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Bluebook

Ind. Code § 27-3-1-4 (2026).

Text

Not earlier than thirty-one (31) days after the
date of the meeting of shareholders of the domestic company at which
the plan of exchange was approved by such shareholders, a certificate
setting forth the plan of exchange, the manner of the approval thereof
by the directors of the acquiring corporation and the domestic company
and the manner of its adoption and the vote by which adopted by the
shareholders of the domestic company or setting forth that the plan of
exchange has been abandoned shall be signed on behalf of each such
corporation by its president or a vice-president and shall then be
presented in triplicate to the department at its office for filing. The
department shall file one (1) copy of such certificate in its offices and
shall deliver copies bearing the date and time of fi

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Not earlier than thirty-one (31) days after the
date of the meeting of shareholders of the domestic company at which
the plan of exchange was approved by such shareholders, a certificate
setting forth the plan of exchange, the manner of the approval thereof
by the directors of the acquiring corporation and the domestic company
and the manner of its adoption and the vote by which adopted by the
shareholders of the domestic company or setting forth that the plan of
exchange has been abandoned shall be signed on behalf of each such
corporation by its president or a vice-president and shall then be
presented in triplicate to the department at its office for filing. The
department shall file one (1) copy of such certificate in its offices and
shall deliver copies bearing the date and time of filing endorsed thereon
to the domestic company and the acquiring corporation. Upon the filing
of such certificate, the plan of exchange and the issuance and exchange
provided for therein shall become effective, unless a later date and time
is specified in the plan of exchange, in which event the plan of
exchange and the issuance and exchange provided for therein shall
become effective upon such later date and time.
Formerly: Acts 1967, c.61, s.4.