Sec. 1. (a) Except as otherwise provided in this section, by complying with this chapter:
(1) one (1) or more domestic entities may merge with one (1) or more domestic or foreign entities into a domestic or foreign surviving entity; and
(2) two (2) or more foreign entities may merge into a domestic entity.
(b) Except as otherwise provided in this section, by complying with the provisions of this chapter applicable to foreign entities, a foreign entity may be a party to a merger under this chapter or may be the surviving entity in such a merger if the merger is authorized by the law of the foreign entity's jurisdiction of formation.
(c) A merger between or among domestic or foreign business corporations is governed by IC 23-1-40 and not this chapter.
(d) A merger involving domestic or foreign nonprofit corporations is governed by IC 23-17-19 and not this chapter.
As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.34.
Structure Indiana Code