Ind. Code § 28-1-7-8
Execution of merger agreement; administrative approval; abandonment of planned merger
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
Cite this
- Citation
- Ind. Code § 28-1-7-8, Execution of merger agreement; administrative approval; abandonment of planned merger, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1665580
- Permanent ID
ys:prov:1665580@1- SHA-256
1f3ae0f68a0ac230d3f7c4f4e084374c3c428ad08e8e6744d68be51b755b2016
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Sec. 8.
(a) After the adoption of the agreement of merger by the shareholders, the agreement shall be signed on behalf of each corporation by:
(1) its president or a vice president; and
(2) its secretary or cashier.
(b) If the department considers it to be advisable and in the best interests of the creditors and shareholders of any two (2) or more merging corporations, the corporations may merge by complying with the provisions of this chapter other than sections 3 and 5 of this chapter. However, in a merger under this subsection, waivers of the notice of meetings provided for in sections 3 and 5 of this chapter shall be procured from a majority of the shareholders of each of the merging corporations.
(c) A proposed merger may be abandoned (subject to contractual rights), without further shareholder action, in accordance with the procedure set forth in the agreement of merger or, if none is set forth, in the manner determined by the board of directors for the corporation that seeks to abandon the merger.