23-0.6-1.5-4. "Approve"

IN Code § 23-0.6-1.5-4 (2019) (N/A)
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Sec. 4. "Approve" means, in the case of an entity, for its governing persons and interest holders to take whatever steps are necessary under its organic rules, organic law, and other law to:

(1) propose a transaction subject to this article;

(2) adopt and approve the terms and conditions of the transaction; and

(3) conduct any required proceedings or otherwise obtain any required votes or consents of the governing persons or interest holders.

As added by P.L.118-2017, SEC.6. Amended by P.L.52-2018, SEC.31.