§ 8-1-17.5-8 — Plan of merger or consolidation; contents

Indiana § 8-1-17.5-8

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 17.5: Merger or Consolidation of Rural Electric

Text

A plan of merger or consolidation must
include the following:
(1) The name of each merging or consolidating corporation.
(2) The name of the surviving corporation or successor
corporation.
(3) The terms and conditions of the merger or consolidation and
the mode of carrying the merger or consolidation into effect,
including the manner in which members of the merging or
consolidating corporations may or shall become members of the
surviving corporation or successor corporation.
(4) A plan for the retirement of patronage capital accrued by
members of the merging or consolidating corporations.
(5) The proposed articles of merger or consolidation or a
comprehensive summary of the proposed articles of merger or
consolidation.
(6) The effective date of the merger or consolidation.
(7) The number of, and length of terms for, directors of the
surviving corporation or successor corporation and, if there will
be voting districts in the service areas of the surviving corporation
or successor corporation, a description of the districts and the
number of directors to represent each district.
(8) The names and addresses of the directors of the surviving
corporation or successor corporation.
(9) Any other provision concerning the planned merger or
consolidation considered necessary or appropriate by the boards
of directors of the merging or consolidating corporations.

Legislative History

As added by P.L.18-2010, SEC.1.