Note: This version of section effective until 1-1-2018. See also following repeal of this chapter, effective 1-1-2018.

1. (1) the title to all real and personal property, both tangible and intangible, held by the nonprofit corporation remains in the nonprofit corporation without reversion or impairment;
2. (2) the liabilities of the nonprofit corporation remain the liabilities of the nonprofit corporation;
3. (3) an action or proceeding pending against the nonprofit corporation continues against the nonprofit corporation as if the domestication had not occurred;
4. (4) the articles of domestication, or the articles of incorporation attached to the articles of domestication, constitute the articles of incorporation of the nonprofit corporation;

5. (5) the nonprofit corporation is considered to:

   1. (A) be incorporated under the laws of Indiana for all purposes;
   2. (B) be the same nonprofit corporation without interruption as the nonprofit corporation that existed under the laws of the foreign jurisdiction; and
   3. (C) have been incorporated on the date it was originally incorporated in the foreign jurisdiction.

Sec. 5. When a domestication of a foreign nonprofit corporation in Indiana becomes effective:

As added by P.L.63-2014, SEC.27.