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Indiana Code Title 8. Utilities and Transportation § 8-1-17.5-17

Current as of January 02, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-1-17.5-17 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-1-17-5-17/

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