Indiana § 28-1-7-13 Shareholders' votes on consolidation agreements

Indiana Statutes

§ 28-1-7-13 — Shareholders' votes on consolidation agreements

Indiana § 28-1-7-13

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 7Merger and Consolidation of Banks, Trust Companies,

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Bluebook

Ind. Code § 28-1-7-13 (2026).

Text

The agreement of consolidation shall be
submitted to a vote of the shareholders of each corporation and shall be
adopted upon receiving the same affirmative votes, and the adoption
shall be followed by the same notice to shareholders as is prescribed in
sections 3, 5, and 6 of this chapter, as if the consolidation were a
merger.
Formerly: Acts 1933, c.40, s.126. As amended by P.L.263-1985,
SEC.32; P.L.122-1994, SEC.52; P.L.90-2008, SEC.24.

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The agreement of consolidation shall be
submitted to a vote of the shareholders of each corporation and shall be
adopted upon receiving the same affirmative votes, and the adoption
shall be followed by the same notice to shareholders as is prescribed in
sections 3, 5, and 6 of this chapter, as if the consolidation were a
merger.
Formerly: Acts 1933, c.40, s.126. As amended by P.L.263-1985,
SEC.32; P.L.122-1994, SEC.52; P.L.90-2008, SEC.24.