Indiana Code Title 23. Business and Other Associations § 23-0.6-3-1
Current as of June 08, 2021 | Updated by FindLaw Staff
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Sec. 1. (a) Except as otherwise provided in this section, by complying with this article:
(1) a domestic entity may acquire all of one (1) or more classes or series of interests of another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing; or
(2) all of one (1) or more classes or series of interests of a domestic entity may be acquired by another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing.
(b) Except as otherwise provided in this section, by complying with the provisions of this article applicable to foreign entities, a foreign entity may be the acquiring or acquired entity in an interest exchange under this article if the interest exchange is authorized by the law of the foreign entity's jurisdiction of organization.
Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-0.6-3-1 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-0-6-3-1/
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