Sec. 6. Upon compliance with the provisions of this article, the entire assets of any such corporation shall thereby become vested in the new corporation. The name of the new corporation may be the same as the former corporation, or, upon resolution of the board of trustees or directors or other governing body, such name may be changed. If such corporation shall be the owner of any real estate situate in said state of Indiana or of any other state, such real estate shall become vested, upon compliance with this statute, in the new corporation, and a copy of such resolution, duly certified by the secretary of state and filed in the recorder's office of the proper county in which such real estate may be situated, shall constitute a conveyance of said real estate to said new corporation.
Formerly: Acts 1935, c.162, s.245. As amended by P.L.252-1985, SEC.86.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 19. Reorganization of Foreign Companies Into Domestic Companies
27-1-19-1. Authority to Reorganize as Domestic Company
27-1-19-2. Articles of Reorganization; Adoption by Directors; Contents
27-1-19-3. Articles of Reorganization; Presentation and Approval
27-1-19-4. Certificate of Authority
27-1-19-5. Continuation of Existing Obligations
27-1-19-6. Vesting of Assets in New Corporation; Name; Treatment of Real Estate
27-1-19-7. Reports; Regulation and Supervision; Location of Principal Office