Indiana § 8-1-17.5-22 Right of corporation to purchase its own obligations; cancellation upon
purchase

Indiana Statutes

§ 8-1-17.5-22 — Right of corporation to purchase its own obligations; cancellation upon purchase

Indiana § 8-1-17.5-22

Art. 1UTILITIES GENERALLY

Ch. 17.5Merger or Consolidation of Rural Electric

This text of Indiana § 8-1-17.5-22 (Right of corporation to purchase its own obligations; cancellation upon purchase) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-1-17.5-22 (2026).

Text

A surviving corporation or successor corporation formed under this chapter may, out of any funds available for that purpose, purchase:

(1)any obligations issued by the surviving corporation or successor corporation; and

(2)any accrued interest on the obligations; at a price determined by resolution of the board. Any obligation described in this section shall be cancelled upon its purchase by the surviving corporation or successor corporation.

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A surviving corporation or successor
corporation formed under this chapter may, out of any funds available
for that purpose, purchase:
(1) any obligations issued by the surviving corporation or
successor corporation; and
(2) any accrued interest on the obligations;
at a price determined by resolution of the board. Any obligation
described in this section shall be cancelled upon its purchase by the
surviving corporation or successor corporation.