Sec. 4. (a) Subject to subsection (b), a benefit corporation may terminate its status as a benefit corporation and cease to be subject to this article by amending its articles of incorporation to delete the statement in its articles of incorporation required under sections 1 and 2 of this chapter.
(b) An amendment to the articles of incorporation under subsection (a) is not effective unless the amendment is adopted by at least a minimum status vote.
As added by P.L.93-2015, SEC.3.
Structure Indiana Code
Title 23. Business and Other Associations
Article 1.3. Benefit Corporations
Chapter 3. Benefit Corporation Status
23-1.3-3-1. Incorporation as Benefit Corporation
23-1.3-3-3. Plan of Merger, Consolidation, Conversion, or Share Exchange; Minimum Status Vote
23-1.3-3-4. Terminating Status; Minimum Status Vote
23-1.3-3-6. Requirements for Sale, Lease, Exchange, or Other Disposition of Assets