Sec. 3. As used in this chapter, “merger” means any change of ownership, including:

(1) an acquisition or transfer of assets; or

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Terms Used In Indiana Code 25-1-8.5-3

  • acquisition: means any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person. See Indiana Code 25-1-8.5-1
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • merger: means any change of ownership, including:

    Indiana Code 25-1-8.5-3

(2) the purchase of stock effectuated by a merger agreement.

As added by P.L.95-2024, SEC.2.