Indiana § 28-1-8-2 - Resolution proposing sale or other disposition; submission to shareholders
Full text of Indiana Indiana Code § 28-1-8-2 — Resolution proposing sale or other disposition; submission to shareholders, with citation guidance and answers to common questions.
§ 28-1-8-2. Resolution proposing sale or other disposition; submission to shareholders
Sec. 2. (a) A sale, lease, exchange, or other disposition described in section 1 of this chapter must first be proposed by the board of directors by the adoption of a resolution that:
(1) sets forth the terms and conditions of the sale, lease, exchange, or other disposition; and
(2) directs that the proposed disposition be submitted to a vote of the shareholders at the annual meeting or a special meeting.
(b) The meeting described in subsection (a)(2) shall:
(1) be called in the resolution required by subsection (a); and
(2) be in accordance with:
(A) IC 28-13-5-8, in the case of a corporation other than a credit union; and
(B) IC 28-7-1-14, in the case of a credit union.
Formerly: Acts 1933, c.40, s.138. As amended by P.L.263-1985, SEC.38; P.L.14-1992, SEC.75; P.L.122-1994, SEC.74; P.L.27-2012, SEC.45; P.L.159-2017, SEC.27.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-1-8-2
What does Indiana Code § 28-1-8-2 cover?
Section 28-1-8-2 ("Resolution proposing sale or other disposition; submission to shareholders") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 28-1-8-2?
A common citation format is "Indiana Code § 28-1-8-2" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 28-1-8-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.