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§ 23-1-3-3-6 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 1.3 - Benefit Corporations/
  6. Chapter 3 - Benefit Corporation Status23-1.3-3-1. Incorporation As Benefit Corporation/
  7. § 23-1-3-3-6
Indiana Legal Code

§ 23-1-3-3-6

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Any sale, lease, exchange, or other disposition of all or substantially all of the assets of a benefit corporation is not effective unless one (1) or more of the following apply:(1) The transaction is in the usual and regular course of business.(2) The transaction is approved by at least a minimum status vote.As added by P.L.93-2015, SEC.3.