Section 23-1.3-3-5 - Plan of merger, consolidation, conversion, or share affecting status; minimum status vote(a) This section does not apply to a corporation that is a party to a merger if the shareholders of the corporation are not entitled to vote on the merger under IC 23-1-40.(b) If a plan of merger, consolidation, conversion, or share exchange would have the effect of terminating the status of a corporation as a benefit corporation, the plan must be adopted by at least a minimum status vote in order to be effective.Added by P.L. 93-2015, SEC. 3, eff. 1/1/2016.