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§ 23-2-3-1-5-5 — Indiana Law | CourtGPT
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  4. Title 23 - Business and Other Associations/
  5. Article 2 - Securities and Franchises/
  6. Chapter 3.1 - Takeover Offers23-2-3.1-0.5. Legislative Finding; Purpose/
  7. § 23-2-3-1-5-5
Indiana Legal Code

§ 23-2-3-1-5-5

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(b) This section applies to:(1) a foreign corporation incorporated under a law other than the law of the United States or any state of the United States (as defined in IC 1-1-4-1); or(2) a person who is not a citizen of the United States.(c) This section does not apply to the initiation of a new business in Indiana by a person subject to this section.(d) Notwithstanding any other provision of this title, a person subject to this section may not make a takeover offer unless the person files a statement with the commissioner under this subsection.(e) The statement filed under subsection (d) must state the following:(1) The financial sources to be used by the person in the takeover offer.(2) The proposed consummation date of the takeover.As added by P.L.229-1989, SEC.5.