Sec. 1. (a) Except as otherwise provided in this section, by complying with this chapter:

(1) one (1) or more domestic entities may merge with one (1) or more domestic or foreign entities into a domestic or foreign surviving entity; and

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Terms Used In Indiana Code 23-0.6-2-1

  • 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.
(2) two (2) or more foreign entities may merge into a domestic entity.

     (b) Except as otherwise provided in this section, by complying with the provisions of this chapter applicable to foreign entities, a foreign entity may be a party to a merger under this chapter or may be the surviving entity in such a merger if the merger is authorized by the law of the foreign entity’s jurisdiction of formation.

     (c) A merger between or among domestic or foreign business corporations is governed by IC 23-1-40 and not this chapter.

     (d) A merger involving domestic or foreign nonprofit corporations is governed by IC 23-17-19 and not this chapter.

As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.34.

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