(a) A corporation's articles of incorporation may be amended without action by the board of directors or shareholders to carry out a plan of reorganization ordered or decreed by a court of competent jurisdiction under federal statute if the articles of incorporation after amendment contain only provisions required or permitted by IC 23-1-21-2.(b) The individual or individuals designated by the court shall deliver to the secretary of state for filing articles of amendment setting forth:(1) the name of the corporation;(2) the text of each amendment approved by the court;(3) the date of the court's order or decree approving the articles of amendment;(4) the title of the reorganization proceeding in which the order or decree was entered; and(5) a statement that the court had jurisdiction of the proceeding under federal statute.(c) Shareholders of a corporation undergoing reorganization do not have dissenters' rights except as provided in the reorganization plan.(d) This section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the ection does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.As added by P.L.149-1986, SEC.22.
Indiana Legal Code