Shareholders' votes on consolidation agreements

Ind. Code § 28-1-7-13, under Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations.

Ind. Code § 28-1-7-13

Sec. 13. The agreement of consolidation shall be submitted to a vote of the shareholders of each corporation and shall be adopted upon receiving the same affirmative votes, and the adoption shall be followed by the same notice to shareholders as is prescribed in sections 3, 5, and 6 of this chapter, as if the consolidation were a merger. Formerly: Acts 1933, c.40, s.126. As amended by P.L.263-1985, SEC.32; P.L.122-1994, SEC.52; P.L.90-2008, SEC.24.