{"data":{"id":"us-in/ic-8-1-17.5-7","jurisdiction":"us-in","citation":"IC 8-1-17.5-7","heading":"Authority to merge or consolidate; status of surviving or successor corporation","body":"Sec. 7. (a) A corporation organized under IC 8-1-13 may merge or consolidate with:\n(1) one (1) or more cooperative corporations organized under IC 8-1-17; or\n(2) one (1) or more corporations formed under this chapter;\nif a plan of merger or consolidation that complies with section 8 of this chapter is approved under section 9 of this chapter.\n(b) A cooperative corporation organized under IC 8-1-17 may merge or consolidate with:\n(1) one (1) or more corporations organized under IC 8-1-13; or\n(2) one (1) or more corporations formed under this chapter;\nif a plan of merger or consolidation that complies with section 8 of this chapter is approved under section 9 of this chapter.\n(c) A surviving corporation or successor corporation formed under this chapter:\n(1) has all the rights, powers, privileges, immunities, and exemptions of:\n(A) a local district corporation organized under IC 8-1-13; and\n(B) a local cooperative corporation organized under IC 8-1-17; and\n(2) is considered to be both:\n(A) a local district corporation, within the meaning of that term as used in IC 8-1-13; and\n(B) a local cooperative corporation, within the meaning of that term as used in IC 8-1-17.","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#8-1-17.5-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"977df947054c69953636b0ad1166f4fff7f05bf7e3f3dd21f9a1db044f2bb472","source_id":"us-in","stale":false,"prev":"us-in/ic-8-1-17.5-6","next":"us-in/ic-8-1-17.5-8"},"notice":"GroundRules: Original legal text. Not legal advice."}