Ind. Code § 27-14.5-2-11

Current through P.L. 171-2024
Section 27-14.5-2-11 - Required contents of proxy solicitation

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.

IC 27-14.5-2-11

Added by P.L. 226-2023,SEC. 30, eff. 5/1/2023.