Indiana § 27-3-1-7 Continuation of domestic corporation and acquiring corporation as
separate entities

Indiana Statutes

§ 27-3-1-7 — Continuation of domestic corporation and acquiring corporation as separate entities

Indiana § 27-3-1-7

Title 27INSURANCE

Art. 3CONSOLIDATIONS AND REORGANIZATION

Ch. 1Exchange of Securities

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Bluebook

Ind. Code § 27-3-1-7 (2026).

Text

The domestic company and the acquiring
corporation shall in all respects stand before the law as separate and
distinct corporations, with neither of such corporations having any
liability to the creditors, policyholders, if any, or shareholders of the
other, any acts or omissions of the officers, directors, or shareholders
of either or both of such corporations notwithstanding.
Formerly: Acts 1967, c.61, s.8.

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The domestic company and the acquiring
corporation shall in all respects stand before the law as separate and
distinct corporations, with neither of such corporations having any
liability to the creditors, policyholders, if any, or shareholders of the
other, any acts or omissions of the officers, directors, or shareholders
of either or both of such corporations notwithstanding.
Formerly: Acts 1967, c.61, s.8.