Section 23-1-44-15 - Payment to dissenter(a) Except as provided in section 17 of this chapter, as soon as the proposed corporate action is taken, or, if the transaction did not need shareholder approval and has been completed, upon receipt of a payment demand, the corporation shall pay each dissenter who complied with section 13 of this chapter the amount the corporation estimates to be the fair value of the dissenter's shares.(b) The payment must be accompanied by: (1) the corporation's balance sheet as of the end of a fiscal year ending not more than sixteen (16) months before the date of payment, an income statement for that year, a statement of changes in shareholders' equity for that year, and the latest available interim financial statements, if any;(2) a statement of the corporation's estimate of the fair value of the shares; and(3) a statement of the dissenter's right to demand payment under section 18 of this chapter.As added by P.L. 149-1986, SEC.28. Amended by P.L. 107-1987, SEC.21.