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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 0.6. UNIFORM BUSINESS ORGANIZATION TRANSACTIONS ACT
CHAPTER 1.5. Definitions
23-0.6-1.5-4. "Approve"
Universal Citation: IN Code § 23-0.6-1.5-4 (2018)
IC 23-0.6-1.5-4 "Approve"
Sec. 4. "Approve" means, in the case of an entity, for its governing persons and interest holders to take whatever steps are necessary under its organic rules, organic law, and other law to:
(1) propose a transaction subject to this article;
(2) adopt and approve the terms and conditions of the transaction; and
(3) conduct any required proceedings or otherwise obtain any required votes or consents of the governing persons or interest holders.
As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.31.
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