{"data":{"id":"us-in/ic-8-1-17.5-22","jurisdiction":"us-in","citation":"IC 8-1-17.5-22","heading":"Right of corporation to purchase its own obligations; cancellation upon purchase","body":"Sec. 22. A surviving corporation or successor corporation formed under this chapter may, out of any funds available for that purpose, purchase:\n(1) any obligations issued by the surviving corporation or successor corporation; and\n(2) any accrued interest on the obligations;\nat a price determined by resolution of the board. Any obligation described in this section shall be cancelled upon its purchase by the surviving corporation or successor corporation.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 1. UTILITIES GENERALLY","Chapter 17.5. Merger or Consolidation of Rural Electric Membership Corporations and Telephone Cooperative Corporations"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-1-17.5-22","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"1f4fa9df7a9fe9d00e87d98d35ed0ec5b96fff409eadc04d8acf585492956ae7","source_id":"us-in","stale":false,"prev":"us-in/ic-8-1-17.5-21","next":"us-in/ic-8-1-17.5-23"},"notice":"GroundRules: Original legal text. Not legal advice."}