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2018 Indiana Code
TITLE 23. Business and other Associations
ARTICLE 13. EDUCATIONAL INSTITUTIONS
CHAPTER 5. Management of Educational Institutions Established Under General Laws and Special Enactments
23-13-5-4. Perpetual existence; merger
Universal Citation: IN Code § 23-13-5-4 (2018)
IC 23-13-5-4 Perpetual existence; merger
Sec. 4. Any postsecondary educational institution which may be organized before, on, or after March 3, 1909, under or which may otherwise become subject to the provisions of this chapter shall be deemed to have a perpetual existence by operation of law. Any two (2) or more postsecondary educational institutions incorporated under the provisions of this chapter may be merged into one (1) corporation by the action of the boards of trustees of the respective corporations.
Formerly: Acts 1909, c.52, s.3a; Acts 1953, c.17, s.1. As amended by P.L.34-1987, SEC.345; P.L.2-2007, SEC.315.
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