Collections
Indiana Code
Title 8
1
Chapter 17.5
IC 8-1-17.5
Merger or Consolidation of Rural Electric Membership Corporations and Telephone Cooperative Corporations
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"Commission"
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"Communications service"
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"Patronage capital"
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"Retail electric service"
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"Successor corporation"
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"Surviving corporation"
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Authority to merge or consolidate; status of surviving or successor corporation
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Plan of merger or consolidation; contents
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Approval of plan by members; notice of meeting
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Articles of merger or consolidation; contents; filing with secretary of state; articles of incorporation; abandonment of plan before filing
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Legal status of merging or consolidating corporations; property; liabilities and obligations; pending proceedings; terms not included in articles
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Board of directors; election of directors; terms; districts; remuneration for services; reimbursement; officers
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Powers of board
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Certificates of membership; meetings of members; notice; quorum; election of directors from districts
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Requirements for membership
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Members not liable for debts or liabilities of corporation; director acting in good faith not personally liable
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Powers of surviving or successor corporation; authorized services
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Enumerated powers of surviving or successor corporation
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Disposal of all of the corporation's property; authorization of members and directors required
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Authority to issue obligations; sale of obligations
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Issuing of obligations; right to make covenants and agreements
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Right of corporation to purchase its own obligations; cancellation upon purchase
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Articles of dissolution; filing with secretary of state; contents; winding up of business; remaining assets
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Corporation to provide reasonably adequate service; reasonable and just charges; return of excess revenues to members; Rural Utility Service borrowers
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Jurisdiction of commission
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Right to appeal
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Applicability of nonprofit corporation law