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§ 23-0-6-1-2 — Indiana Law | CourtGPT
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  5. Article 0.6 - Uniform Business Organization Transactions Act/
  6. Chapter 1 - General Provisions23-0.6-1-1. Short Title/
  7. § 23-0-6-1-2
Indiana Legal Code

§ 23-0-6-1-2

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(b) This article does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this article.(c) A transaction effected under this article may not create or impair any right or obligation on the part of a person under a provision of the law of Indiana other than this article relating to a change in control, takeover, business combination, control share acquisition, or similar transaction involving a domestic merging, acquired, converting, or domesticating corporation unless:(1) if the corporation does not survive the transaction, the transaction satisfies any requirements of the provision; or(2) if the corporation survives the transaction, the approval of the plan is by a vote of the shareholders or directors which would be sufficient to create or impair the right or obligation directly under the provision.As added by P.L.118-2017, SEC.6.