Section 28-1-8-2 - Resolution proposing sale or other disposition; submission to shareholders(a) A sale, lease, exchange, or other disposition described in section 1 of this chapter must first be proposed by the board of directors by the adoption of a resolution that: (1) sets forth the terms and conditions of the sale, lease, exchange, or other disposition; and(2) directs that the proposed disposition be submitted to a vote of the shareholders at the annual meeting or a special meeting.(b) The meeting described in subsection (a)(2) shall:(1) be called in the resolution required by subsection (a); and(2) be in accordance with: (A) IC 28-13-5-8, in the case of a corporation other than a credit union; and(B) IC 28-7-1-14, in the case of a credit union.Amended by P.L. 159-2017,SEC. 27, eff. 7/1/2017.Amended by P.L. 27-2012, SEC. 45, eff. 7/1/2012.(Formerly: Acts 1933, c.40, s.138.) As amended by P.L. 263-1985, SEC.38; P.L. 14-1992, SEC.75; P.L. 122-1994, SEC.74.