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    • Legislation USA
    • Indiana Code
    • Title 28. Financial Institutions
    • Article 1. Department of Financial Institutions
    • Chapter 8. Sale of Banks, Trust Companies, and Building and Loan Associations
    • 28-1-8-1. Disposition of Property and Assets; Authority; Compliance With Procedures

    Indiana Code
    Chapter 8. Sale of Banks, Trust Companies, and Building and Loan Associations
    28-1-8-1. Disposition of Property and Assets; Authority; Compliance With Procedures

    Sec. 1. A corporation may sell, lease, exchange, or otherwise dispose of all or substantially all of its property and assets, including good will, by complying with the provisions of this chapter.
    Formerly: Acts 1933, c.40, s.137. As amended by P.L.263-1985, SEC.37; P.L.122-1994, SEC.73; P.L.262-1995, SEC.26; P.L.27-2012, SEC.44.

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    Structure Indiana Code

    Indiana Code

    Title 28. Financial Institutions

    Article 1. Department of Financial Institutions

    Chapter 8. Sale of Banks, Trust Companies, and Building and Loan Associations

    28-1-8-0.5. "Corporation"

    28-1-8-0.7. "Shareholder"

    28-1-8-1. Disposition of Property and Assets; Authority; Compliance With Procedures

    28-1-8-2. Resolution Proposing Sale or Other Disposition; Submission to Shareholders

    28-1-8-3. Submission of Resolution to Department; Conditions for Approval; Economic Benefits to Officers or Directors

    28-1-8-4. Submission to Shareholders; Vote Required; Exception for Corporation in Danger of Insolvency

    28-1-8-5. Dissenting Shareholders; Effective Date of Disposition; Inapplicability to Credit Unions, Mutual Savings Banks, and Mutual Savings Associations

    28-1-8-6. Purchase of Assets; Submission of Resolution and Application to Department; Factors for Department's Approval; Exceptions to Approval Requirement

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