Sec. 21. In connection with the issuance of any obligations, a surviving corporation or successor corporation formed under this chapter may make any covenants or agreements and do any acts and things that may be necessary, convenient, or desirable in order to secure the surviving corporation's or successor corporation's obligations or which, in the absolute discretion of the board, tend to make the obligations more marketable, notwithstanding that the covenants, agreements, acts, or things may constitute a limitation on the exercise of the powers granted by 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