Current through P.L. 171-2024
Section 23-0.6-3-2 - Plan of interest exchange; contents(a) A domestic entity may be the acquired entity in an interest exchange under this article by approving a plan of interest exchange. The plan must be in a record and contain:(1) the name and type of the acquired entity;(2) the name, jurisdiction of organization, and type of the acquiring entity;(3) the manner of converting the interests in the acquired entity into interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing;(4) any proposed amendments to the public organic document or private organic rules that are, or are proposed to be, in a record of the acquired entity;(5) the other terms and conditions of the interest exchange; and(6) any other provision required by the law of this state or the organic rules of the acquired entity.(b) A plan of interest exchange may contain any other provision not prohibited by law.Added by P.L. 118-2017,SEC. 6, eff. 1/1/2018.