23-0.6-1-1. Short Title
Sec. 1. This article may be cited as the Uniform Business Organization Transactions Act. As added by P.L.118-2017, SEC.6.
23-0.6-1-1. Short Title
Sec. 1. This article may be cited as the Uniform Business Organization Transactions Act. As added by P.L.118-2017, SEC.6.
23-0.6-1-2. Application of Law; Limitations; Relation to Other Laws
Sec. 2. (a) Unless displaced by particular provisions of this article, the principles of law and equity supplement this article. (b) This article does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this article. (c) A transaction effected under this article may not create or […]
23-0.6-1-2. Application of Law; Limitations; Relation to Other Laws
Sec. 2. (a) Unless displaced by particular provisions of this article, the principles of law and equity supplement this article. (b) This article does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this article. (c) A transaction effected under this article may not create or […]
23-0.6-1-3. Party to Interest Exchange, Conversion, Domestication; Approval; Disposition of Charitable Assets
Sec. 3. (a) A domestic or foreign entity that is required to give notice to, or obtain the approval of, a governmental agency or officer under the law of Indiana in order to be a party to a merger must give the notice or obtain the approval in order to be a party to an […]
23-0.6-1-3. Party to Interest Exchange, Conversion, Domestication; Approval; Disposition of Charitable Assets
Sec. 3. (a) A domestic or foreign entity that is required to give notice to, or obtain the approval of, a governmental agency or officer under the law of Indiana in order to be a party to a merger must give the notice or obtain the approval in order to be a party to an […]
23-0.6-1-4. Status of Filings
Sec. 4. A filing under this article signed by a domestic entity becomes part of the public organic document of the entity if the entity’s organic law provides that similar filings under that law become part of the public organic document of the entity. As added by P.L.118-2017, SEC.6.
23-0.6-1-4. Status of Filings
Sec. 4. A filing under this article signed by a domestic entity becomes part of the public organic document of the entity if the entity’s organic law provides that similar filings under that law become part of the public organic document of the entity. As added by P.L.118-2017, SEC.6.
23-0.6-1-5. Nonexclusivity
Sec. 5. The fact that a transaction under this article produces a certain result does not preclude the same result from being accomplished in any other manner permitted by law other than this article. As added by P.L.118-2017, SEC.6.
23-0.6-1-5. Nonexclusivity
Sec. 5. The fact that a transaction under this article produces a certain result does not preclude the same result from being accomplished in any other manner permitted by law other than this article. As added by P.L.118-2017, SEC.6.
23-0.6-1-6. Reference to External Facts
Sec. 6. (a) If a: (1) provision under this article permits any of the terms of a plan to be dependent on facts objectively ascertainable outside the plan; and (2) plan includes terms that are dependent on facts described in subdivision (1); the manner in which the facts will operate upon the terms of the […]
23-0.6-1-6. Reference to External Facts
Sec. 6. (a) If a: (1) provision under this article permits any of the terms of a plan to be dependent on facts objectively ascertainable outside the plan; and (2) plan includes terms that are dependent on facts described in subdivision (1); the manner in which the facts will operate upon the terms of the […]
23-0.6-1-7. Approval of Transaction
Sec. 7. Except as otherwise provided in the organic law or organic rules of a domestic entity, approval of a transaction under this article by the unanimous vote or consent of its interest holders satisfies the requirements of this article for approval of the transaction. As added by P.L.118-2017, SEC.6.
23-0.6-1-7. Approval of Transaction
Sec. 7. Except as otherwise provided in the organic law or organic rules of a domestic entity, approval of a transaction under this article by the unanimous vote or consent of its interest holders satisfies the requirements of this article for approval of the transaction. As added by P.L.118-2017, SEC.6.
23-0.6-1-8. Appraisal Rights
Sec. 8. (a) An interest holder of a domestic merging, acquired, converting, or domesticating entity is entitled to appraisal rights in connection with the transaction if the interest holder would have been entitled to appraisal rights under the entity’s organic law in connection with a merger in which the interest of the interest holder was […]
23-0.6-1-8. Appraisal Rights
Sec. 8. (a) An interest holder of a domestic merging, acquired, converting, or domesticating entity is entitled to appraisal rights in connection with the transaction if the interest holder would have been entitled to appraisal rights under the entity’s organic law in connection with a merger in which the interest of the interest holder was […]