IC 27-14.5-2-11: Required contents of proxy solicitation

Sec. 11. A person soliciting a proxy from a member shall provide all members with a proxy statement that:

(1) identifies the person soliciting the proxy;

(2) informs the member of the right to vote upon the plan of reorganization and the vote required for approval;

(3) briefly describes the proposed plan of reorganization and any voting capital stock to be offered;

(4) explains the use of any new capital to be raised; and

(5) describes any employee benefit plan or stock option plan.