Ind. Code ch. 23-0.6-1.5

Ind. Code ch. 23-0.6-1.5
in effect

Ind. Code § 23-0.6-1.5-1 Application of definitions

Sec. 1. Except as otherwise provided by this article, the definitions set forth in IC 23-0.5-1.5 apply to this article: As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-2 "Acquired entity"

Sec. 2. "Acquired entity" means the entity in which all of one (1) or more classes or series of interests are acquired in an interest exchange. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-3 "Acquiring entity"

Sec. 3. "Acquiring entity" means the entity that acquires all of one (1) or more classes or series of interests of the acquired entity in an interest exchange. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-4 "Approve"

Sec. 4. "Approve" means, in the case of an entity, for its governing persons and interest holders to take whatever steps are necessary under its organic rules, organic law, and other law to: (1) propose a transaction subject to this article; (2) adopt and approve the terms and conditions of the transaction; and (3) conduct any required proceedings or otherwise obtain any required votes or consents of the governing persons or interest holders. As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.31.

Ind. Code § 23-0.6-1.5-5 "Articles of conversion"

Sec. 5. "Articles of conversion" refers to the filing required by IC 23-0.6-4-5. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-6 "Articles of domestication"

Sec. 6. "Articles of domestication" refers to the filing required by IC 23-0.6-5-5. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-7 "Articles of interest exchange"

Sec. 7. "Articles of interest exchange" refers to the filing required by IC 23-0.6-3-5. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-8 "Articles of merger"

Sec. 8. "Articles of merger" refers to the filing required by IC 23-0.6-2-5. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-9 "Conversion"

Sec. 9. "Conversion" means a transaction authorized by IC 23-0.6-4. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-10 "Converted entity"

Sec. 10. "Converted entity" means the converting entity as it continues in existence after a conversion. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-11 "Converting entity"

Sec. 11. "Converting entity" means the domestic entity that approves a plan of conversion under IC 23-0.6-4-3 or the foreign entity that approves a conversion under the law of its jurisdiction of organization. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-12 "Domesticated entity"

Sec. 12. "Domesticated entity" means the domesticating entity as it continues in existence after a domestication. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-13 "Domesticating entity"

Sec. 13. "Domesticating entity" means the domestic entity that approves a plan of domestication under IC 23-0.6-5-3 or the foreign entity that approves a domestication under the law of its jurisdiction of organization. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-14 "Domestication"

Sec. 14. "Domestication" means a transaction authorized by IC 23-0.6-5. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-15 "Interest exchange"

Sec. 15. "Interest exchange" means a transaction authorized by IC 23-0.6-3. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-16 "Interest holder liability"

Sec. 16. "Interest holder liability" means: (1) personal liability for a liability of an entity that is imposed on a person: (A) solely by reason of the status of the person as an interest holder; or (B) by the organic rules of the entity which make one (1) or more specified interest holders liable in their capacity as interest holders for all or specified liabilities of the entity; or (2) an obligation of an interest holder under the organic rules of an entity to contribute to the entity. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-17 "Merger"

Sec. 17. "Merger" means a transaction in which two (2) or more merging entities are combined into a surviving entity pursuant to a filing with the secretary of state. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-18 "Merging entity"

Sec. 18. "Merging entity" means an entity that is a party to a merger and exists immediately before the merger becomes effective. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-19 "Organic law"

Sec. 19. "Organic law" refers to the following: (1) The law of an entity's jurisdiction of formation governing the internal affairs of the entity. (2) IC 23-1-40 for a domestic business corporation engaged in a transaction under this article. (3) IC 23-17-19 for a domestic nonprofit corporation engaged in a transaction under this article. As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.32.

Ind. Code § 23-0.6-1.5-20 "Plan"

Sec. 20. "Plan" means a plan of merger, plan of interest exchange, plan of conversion, or plan of domestication. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-21 "Plan of conversion"

Sec. 21. "Plan of conversion" means a plan under IC 23-0.6-4-2. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-22 "Plan of domestication"

Sec. 22. "Plan of domestication" means a plan under IC 23-0.6-5-2. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-23 "Plan of interest exchange"

Sec. 23. "Plan of interest exchange" means a plan under IC 23-0.6-3-2. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-24 "Plan of merger"

Sec. 24. "Plan of merger" means a plan under IC 23-0.6-2-2. As added by P.L.118-2017, SEC.6.

Ind. Code § 23-0.6-1.5-25 "Surviving entity"

Sec. 25. "Surviving entity" means the entity that continues in existence after a merger under IC 23-0.6-2. As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.33.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/23Fetched: 10/17/2026