Sec. 2. A surviving corporation:

(1) may continue and possesses all the rights, powers, duties, and privileges of any law repealed by IC 19-3-2-106 (repealed April 1, 1980); and

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Terms Used In Indiana Code 14-27-4-2

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) is not affected by the repeal.

[Pre-1995 Recodification Citation: 13-2-28-1 part.]

As added by P.L.1-1995, SEC.20.