Loading chat...
IN HB1095
Bill
Status
1/5/2016
Primary Sponsor
Robert Cherry
Click for details
AI Summary
-
Adds definition of "state educational institution" to Indiana Code IC 23-17, referencing IC 21-7-13-32
-
Allows public benefit corporations to merge with state educational institutions if the public benefit corporation is controlled by that state educational institution before the merger
-
Requires at least 20 days' notice to the attorney general before any merger of a public benefit corporation is consummated, including a copy of the proposed merger plan
-
Amends merger approval procedures to include boards of trustees alongside boards of directors for approval authority
-
Effective date: July 1, 2016
Legislative Description
Public benefit corporation merger. Allows a public benefit corporation to merge with a state educational institution.
Last Action
First reading: referred to Committee on Judiciary
1/5/2016