IC 23-2-3.1-5.5 — Definitions; application of section
Chapter 3.1. Takeover Offers
Section text
Sec. 5.5. (a) The definitions in IC 23-1-20 apply to this section, except to the extent of any conflict with section 1 of this chapter. (b) This section applies to: (1) a foreign corporation incorporated under a law other than the law of the United States or any state of the United States (as defined in IC 1-1-4-1); or (2) a person who is not a citizen of the United States. (c) This section does not apply to the initiation of a new business in Indiana by a person subject to this section. (d) Notwithstanding any other provision of this title, a person subject to this section may not make a takeover offer unless the person files a statement with the commissioner under this subsection. (e) The statement filed under subsection (d) must state the following: (1) The financial sources to be used by the person in the takeover offer. (2) The proposed consummation date of the takeover.
As added by P.L.229-1989, SEC.5.
Source: official publisher (2026 edition)