§ 28-1-7-2 — Manner of effecting merger

Indiana § 28-1-7-2

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 7: Merger and Consolidation of Banks, Trust Companies,

Text

The merger of any two (2) or more corporations
shall be effected in the following manner. The board of directors of
each corporation shall, by a resolution, approve a joint agreement of
merger setting forth the following:
(a) The names of the corporations proposing to merge, and the
name of the corporation into which such corporations propose to
merge.
(b) The terms and conditions of the proposed merger.
(c) The manner and basis of converting the shares of the capital
stock of each corporation into the shares of the surviving
corporation, or, in whole or in part, into cash, property, shares, or
other securities or obligations of any other corporation.
(d) A restatement of such provisions of the articles of
incorporation of the surviving corporation as may be deemed
necessary.
(e) Such other provisions with respect to the proposed merger as
may be deemed necessary.
Formerly: Acts 1933, c.40, s.115. As amended by Acts 1979,
P.L.257, SEC.1; P.L.141-1984, SEC.3; P.L.122-1994, SEC.43.