Indiana Code 28-1-7.5-11. Redemption by holding company of its outstanding common stock
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Terms Used In Indiana Code 28-1-7.5-11
- holding company: refers to a corporation that:
Indiana Code 28-1-7.5-1
Sec. 11. Within thirty (30) days after the plan of exchange becomes effective, the holding company shall redeem all shares of common stock of the holding company that were outstanding immediately before the effective time of the exchange. The holding company shall redeem the shares in the manner provided in the plan of exchange.
As added by P.L.238-1983, SEC.10.