§ 8-1-17-5-7

(a) A corporation organized under IC 8-1-13 may merge or consolidate with:(1) one (1) or more cooperative corporations organized under IC 8-1-17; or(2) one (1) or more corporations formed under this chapter;if a plan of merger or consolidation that complies with section 8 of this chapter is approved under section 9 of this chapter.(b) A cooperative corporation organized under IC 8-1-17 may merge or consolidate with:(1) one (1) or more corporations organized under IC 8-1-13; or(2) one (1) or more corporations formed under this chapter;if a plan of merger or consolidation that complies with section 8 of this chapter is approved under section 9 of this chapter.(c) A surviving corporation or successor corporation formed under this chapter:(1) has all the rights, powers, privileges, immunities, and exemptions of:(A) a local district corporation organized under IC 8-1-13; and(B) a local cooperative corporation organized under IC 8-1-17; and(2) is considered to be both:(A) a local district corporation, within the meaning of that term as used in IC 8-1-13; and(B) a local cooperative corporation, within the meaning of that term as used in IC 8-1-17.As added by P.L.18-2010, SEC.1.