Sec. 13. The board of directors of the surviving
corporation or
successor corporation has the power to do all things necessary or convenient to conduct the business of the
surviving corporation or successor corporation, including the following:
(1) The power to make, alter, amend, or repeal bylaws that:
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Terms Used In Indiana Code 8-1-17.5-13
- 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.
- 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
(B) are not inconsistent with any applicable law or with the articles of incorporation.
(2) The power to appoint agents and employees and to fix their compensation and the compensation of the officers of the surviving corporation or successor corporation.
(3) The power to execute instruments.
(4) The power to delegate to one (1) or more:
(A) directors;
(B) agents; or
(C) employees;
of the surviving corporation or successor corporation the powers and duties the board considers appropriate.
(5) The power to make the board’s own rules and regulations concerning the board’s procedures.
As added by P.L.18-2010, SEC.1.
