§ 8-1-17.5-1 “Commission”
§ 8-1-17.5-2 “Communications service”
§ 8-1-17.5-3 “Patronage capital”
§ 8-1-17.5-4 “Retail electric service”
§ 8-1-17.5-5 “Successor corporation”
§ 8-1-17.5-6 “Surviving corporation”
§ 8-1-17.5-7 Authority to merge or consolidate; status of surviving or successor corporation
§ 8-1-17.5-8 Plan of merger or consolidation; contents
§ 8-1-17.5-9 Approval of plan by members; notice of meeting
§ 8-1-17.5-10 Articles of merger or consolidation; contents; filing with secretary of state; articles of incorporation; abandonment of plan before filing
§ 8-1-17.5-11 Legal status of merging or consolidating corporations; property; liabilities and obligations; pending proceedings; terms not included in articles
§ 8-1-17.5-12 Board of directors; election of directors; terms; districts; remuneration for services; reimbursement; officers
§ 8-1-17.5-13 Powers of board
§ 8-1-17.5-14 Certificates of membership; meetings of members; notice; quorum; election of directors from districts
§ 8-1-17.5-15 Requirements for membership
§ 8-1-17.5-16 Members not liable for debts or liabilities of corporation; director acting in good faith not personally liable
§ 8-1-17.5-17 Powers of surviving or successor corporation; authorized services
§ 8-1-17.5-18 Enumerated powers of surviving or successor corporation
§ 8-1-17.5-19 Disposal of all of the corporation’s property; authorization of members and directors required
§ 8-1-17.5-20 Authority to issue obligations; sale of obligations
§ 8-1-17.5-21 Issuing of obligations; right to make covenants and agreements
§ 8-1-17.5-22 Right of corporation to purchase its own obligations; cancellation upon purchase
§ 8-1-17.5-23 Articles of dissolution; filing with secretary of state; contents; winding up of business; remaining assets
§ 8-1-17.5-24 Corporation to provide reasonably adequate service; reasonable and just charges; return of excess revenues to members; Rural Utility Service borrowers
§ 8-1-17.5-25 Jurisdiction of commission
§ 8-1-17.5-26 Right to appeal
§ 8-1-17.5-27 Applicability of nonprofit corporation law
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Terms Used In Indiana Code > Title 8 > Article 1 > Chapter 17.5 - Merger or Consolidation of Rural Electric Membership Corporations and Telephone Cooperative Corporations

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Amortization: Paying off a loan by regular installments.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • commission: refers to the Indiana utility regulatory commission created by IC 8-1-1-2. See Indiana Code 8-1-17.5-1
  • communications service: has the meaning set forth in Indiana Code 8-1-17.5-2
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • patronage capital: means revenues and receipts returned to members under section 24(d) of this chapter. See Indiana Code 8-1-17.5-3
  • Personal property: All property that is not real property.
  • Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Quorum: The number of legislators that must be present to do business.
  • retail electric service: has the meaning set forth in Indiana Code 8-1-17.5-4
  • successor corporation: means a corporation that is formed from a consolidation of two (2) or more corporations under this chapter. See Indiana Code 8-1-17.5-5
  • surviving corporation: means the corporation that remains after a merger of two (2) or more corporations under this chapter. See Indiana Code 8-1-17.5-6
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5