IC 28-6.2-2-8 Reorganization Plan Requirements

• Library: Indiana Statutes
• Edition: 2023
• Currency: Current through P.L. 255-2023
• Year: 2023
• Citation: IC 28-6.2-2-8

Each reorganization plan must:

(1) contain a description of all significant terms of the proposed reorganization;

(2) include as an attachment and incorporate the following:

(A) Any proposed stock issuance plan.

(B) An opinion of counsel or a ruling from the federal Internal Revenue Service and the department of state revenue as to the federal and state tax treatment of the proposed reorganization.

(C) A copy of the proposed articles of reorganization and bylaws of the resulting savings bank.

(D) A description of the method of reorganization under this chapter.