23-1-44-17. Withholding Payment by Corporation; Corporation’s Estimate of Fair Value; After-Acquired Shares
Sec. 17. (a) A corporation may elect to withhold payment required by section 15 of this chapter from a dissenter unless the dissenter was the beneficial owner of the shares before the date set forth in the dissenters’ notice as the date of the first announcement to news media or to shareholders of the terms […]
23-1-45-6. Disposition of Known Claims; Procedure
Sec. 6. (a) A dissolved corporation may dispose of the known claims against it by following the procedure described in this section. (b) The dissolved corporation shall notify its known claimants in writing of the dissolution at any time after its effective date. The written notice must: (1) specify the amount that the dissolved corporation […]
23-1-44-18. Dissenters’ Estimate of Fair Value; Demand for Payment; Waiver
Sec. 18. (a) A dissenter may notify the corporation in writing of the dissenter’s own estimate of the fair value of the dissenter’s shares and demand payment of the dissenter’s estimate (less any payment under section 15 of this chapter), or reject the corporation’s offer under section 17 of this chapter and demand payment of […]
23-1-45-7. Notice of Dissolution; Claims Against Dissolved Corporation
Sec. 7. (a) A dissolved corporation may also publish notice of its dissolution and request that persons with claims against the corporation present them in accordance with the notice. (b) The notice must: (1) be published one (1) time in a newspaper of general circulation in the county where the dissolved corporation’s principal office (or, […]
23-1-43-17. “Voting Shares” Defined
Sec. 17. As used in this chapter, “voting shares” means shares of capital stock of a corporation entitled to vote generally in the election of directors. As added by P.L.149-1986, SEC.27.
23-1-44-4. “Interest”
Sec. 4. As used in this chapter, “interest” means interest from the effective date of the corporate action until the date of payment, at the average rate currently paid by the corporation on its principal bank loans or, if none, at a rate that is fair and equitable under all the circumstances. As added by […]
23-1-43-18. Business Combination With Interested Shareholder Within Five Years of Share Acquisition Date
Sec. 18. (a) Notwithstanding any other provision of this article (except sections 20 through 24 of this chapter), a resident domestic corporation may not engage in any business combination with any interested shareholder of the resident domestic corporation for a period of five (5) years following the interested shareholder’s share acquisition date unless the business […]
23-1-44-4.5. “Preferred Shares”
Sec. 4.5. As used in this chapter, “preferred shares” means a class or series of shares in which the holders of the shares have preference over any other class or series with respect to distributions. As added by P.L.133-2009, SEC.38.
23-1-43-19. Business Combination With Interested Shareholder; Requirements
Sec. 19. Notwithstanding any other provision of this article (except sections 18 and 20 through 24 of this chapter), a resident domestic corporation may not engage at any time in any business combination with any interested shareholder of the resident domestic corporation other than a business combination meeting all requirements of the articles of incorporation […]
23-1-44-5. “Record Shareholder”
Sec. 5. As used in this chapter, “record shareholder” means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent that treatment as a record shareholder is provided under a recognition procedure or a disclosure procedure established under IC 23-1-30-4. As added […]