Effective 1-1-2018.

1. (b) This article does not authorize an act prohibited by, and does not affect the application or requirements of, law other than this article.

2. (c) A transaction effected under this article may not create or impair any right or obligation on the part of a person under a provision of the law of Indiana other than this article relating to a change in control, takeover, business combination, control share acquisition, or similar transaction involving a domestic merging, acquired, converting, or domesticating corporation unless:

   1. (1) if the corporation does not survive the transaction, the transaction satisfies any requirements of the provision; or
   2. (2) if the corporation survives the transaction, the approval of the plan is by a vote of the shareholders or directors which would be sufficient to create or impair the right or obligation directly under the provision.

Sec. 2. (a) Unless displaced by particular provisions of this article, the principles of law and equity supplement this article.

As added by P.L.118-2017, SEC.6.