Sec. 4. "Approve" means, in the case of an entity, for its governing persons and interest holders to take whatever steps are necessary under its organic rules, organic law, and other law to:
(1) propose a transaction subject to this article;
(2) adopt and approve the terms and conditions of the transaction; and
(3) conduct any required proceedings or otherwise obtain any required votes or consents of the governing persons or interest holders.
As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.31.
Structure Indiana Code
Title 23. Business and Other Associations
Article 0.6. Uniform Business Organization Transactions Act
23-0.6-1.5-1. Application of Definitions
23-0.6-1.5-2. "Acquired Entity"
23-0.6-1.5-3. "Acquiring Entity"
23-0.6-1.5-5. "Articles of Conversion"
23-0.6-1.5-6. "Articles of Domestication"
23-0.6-1.5-7. "Articles of Interest Exchange"
23-0.6-1.5-8. "Articles of Merger"
23-0.6-1.5-10. "Converted Entity"
23-0.6-1.5-11. "Converting Entity"
23-0.6-1.5-12. "Domesticated Entity"
23-0.6-1.5-13. "Domesticating Entity"
23-0.6-1.5-14. "Domestication"
23-0.6-1.5-15. "Interest Exchange"
23-0.6-1.5-16. "Interest Holder Liability"
23-0.6-1.5-18. "Merging Entity"
23-0.6-1.5-21. "Plan of Conversion"
23-0.6-1.5-22. "Plan of Domestication"
23-0.6-1.5-23. "Plan of Interest Exchange"