2015 Indiana Code TITLE 23. BUSINESS AND OTHER ASSOCIATIONS ARTICLE 1. INDIANA BUSINESS CORPORATION LAW CHAPTER 17.3. TRANSITIONAL PROVISIONS
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IC 23-1-17.3
Chapter 17.3. Transitional Provisions
IC 23-1-17.3-1
"Repealed statute"
Sec. 1. As used in this chapter, "repealed statute" refers to any of
the following repealed by P.L.149-1986:
(1) IC 23-1-1.
(2) IC 23-1-2.
(3) IC 23-1-3.
(4) IC 23-1-4.
(5) IC 23-1-5.
(6) IC 23-1-6.
(7) IC 23-1-7.
(8) IC 23-1-8.
(9) IC 23-1-9.
(10) IC 23-1-10.
(11) IC 23-1-11.
(12) IC 23-1-12.
(13) IC 23-3.
As added by P.L.220-2011, SEC.378.
IC 23-1-17.3-2
Effect of repeal of repealed statute
Sec. 2. Except as provided in section 3 of this chapter, the repeal
of a repealed statute does not affect any of the following:
(1) The operation of the repealed statute or any action taken
under it before its repeal, including (without limitation) the
continuing validity of a corporation's articles of incorporation
and bylaws, indemnification provisions for directors, officers,
employees, and agents, resolutions of the board of directors and
shareholders, and corporate name, all as adopted by any
domestic corporation before August 1, 1987, or the date
specified in a resolution of the board of directors adopted under
IC 23-1-17-3(b), as added by P.L.149-1986, to the same extent
that any of these would have been valid had the repealed statute
not been repealed.
(2) Any ratification, right, remedy, privilege, obligation, or
liability acquired, accrued, or incurred under the repealed statute
before its repeal.
(3) Any violation of the repealed statute, or any penalty,
forfeiture, or punishment incurred because of the violation,
before its repeal.
(4) Any proceeding, reorganization, or dissolution commenced
under the repealed statute before its repeal, and the proceeding,
reorganization, or dissolution may be completed in accordance
with the repealed statute as if it had not been repealed.
As added by P.L.220-2011, SEC.378.
Indiana Code 2015
IC 23-1-17.3-3
Effect of reduction by P.L.149-1986 of penalty or punishment
Sec. 3. If a penalty or punishment imposed for violation of a
repealed statute is reduced by P.L.149-1986, the penalty or
punishment if not already imposed shall be imposed in accordance
with P.L.149-1986.
As added by P.L.220-2011, SEC.378.
IC 23-1-17.3-4
Status of resident agent and resident agent address under
P.L.149-1986
Sec. 4. Effective August 1, 1987, each resident agent and resident
agent's address existing on that date shall be considered the registered
agent and registered office, respectively, required by P.L.149-1986.
As added by P.L.220-2011, SEC.378.
IC 23-1-17.3-5
Status of rights and preferences of shares under P.L.149-1986
Sec. 5. Effective August 1, 1987, or the date specified in a
resolution of the board of directors adopted under IC 23-1-17-3(b),
as added by P.L.149-1986, any existing certificate of resolution of a
board of directors designating and stating rights and preferences of
shares shall be considered a part of the corporation's articles of
incorporation for purposes of P.L.149-1986.
As added by P.L.220-2011, SEC.378.
Indiana Code 2015
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