Current through P.L. 171-2024
Section 23-2-3.1-5.5 - Definitions; application of section(a) The definitions in IC 23-1-20 apply to this section, except to the extent of any conflict with section 1 of this chapter.(b) This section applies to:(1) a foreign corporation incorporated under a law other than the law of the United States or any state of the United States (as defined in IC 1-1-4-1); or(2) a person who is not a citizen of the United States.(c) This section does not apply to the initiation of a new business in Indiana by a person subject to this section.(d) Notwithstanding any other provision of this title, a person subject to this section may not make a takeover offer unless the person files a statement with the commissioner under this subsection.(e) The statement filed under subsection (d) must state the following:(1) The financial sources to be used by the person in the takeover offer.(2) The proposed consummation date of the takeover.As added by P.L. 229-1989, SEC.5.