2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 0.6. UNIFORM BUSINESS ORGANIZATION TRANSACTIONS ACT
CHAPTER 3. Interest Exchange
23-0.6-3-1. Authorization of interest exchange
Sec. 1. (a) Except as otherwise provided in this section, by complying with this article:
(1) a domestic entity may acquire all of one (1) or more classes or series of interests of another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing; or
(2) all of one (1) or more classes or series of interests of a domestic entity may be acquired by another domestic or foreign entity in exchange for interests, securities, obligations, rights to acquire interests or securities, cash, or other property, or any combination of the foregoing.
(b) Except as otherwise provided in this section, by complying with the provisions of this article applicable to foreign entities, a foreign entity may be the acquiring or acquired entity in an interest exchange under this article if the interest exchange is authorized by the law of the foreign entity's jurisdiction of organization.
As added by P.L.118-2017, SEC.6.
