Sec. 17. (a) A surviving corporation or successor corporation formed under this chapter has all the powers and may provide any of the services that any party to the merger or consolidation had or could provide under:
(1) IC 8-1-13;
(2) IC 8-1-17; or
(3) this chapter;
on the effective date of the merger or consolidation.
(b) A surviving corporation or successor corporation formed under this chapter is vested with all powers necessary for the accomplishment of the surviving corporation's or successor corporation's corporate purpose. An enumeration of particular powers granted by this chapter does not:
(1) impair any grant of general power by this chapter; or
(2) limit any grant of a particular power to the same class of powers as the power so enumerated.
(c) As used in this section, "services" shall be interpreted in its broadest sense and includes any services authorized by:
(1) IC 8-1-13;
(2) IC 8-1-17; or
(3) this chapter.
As added by P.L.18-2010, SEC.1.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
8-1-17.5-2. "Communications Service"
8-1-17.5-3. "Patronage Capital"
8-1-17.5-4. "Retail Electric Service"
8-1-17.5-5. "Successor Corporation"
8-1-17.5-6. "Surviving Corporation"
8-1-17.5-7. Authority to Merge or Consolidate; Status of Surviving or Successor Corporation
8-1-17.5-8. Plan of Merger or Consolidation; Contents
8-1-17.5-9. Approval of Plan by Members; Notice of Meeting
8-1-17.5-15. Requirements for Membership
8-1-17.5-17. Powers of Surviving or Successor Corporation; Authorized Services
8-1-17.5-18. Enumerated Powers of Surviving or Successor Corporation
8-1-17.5-20. Authority to Issue Obligations; Sale of Obligations
8-1-17.5-21. Issuing of Obligations; Right to Make Covenants and Agreements
8-1-17.5-22. Right of Corporation to Purchase Its Own Obligations; Cancellation Upon Purchase