Sec. 8. The board of directors, or other governing body, of such corporation, shall remain for the new corporation, the same as for the old, until changed by the board of directors of the new corporation. Their election and terms of office shall remain the same as they were prior to the new incorporation.
Formerly: Acts 1935, c.162, s.247.
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