Citations Affected: IC 23-1; IC 23-4; IC 23-15; IC 23-16; IC 23-17; IC 23-18; IC 26-1.
Synopsis: Business entity matters. Establishes certain filing fees for business entity name
filings. Revises procedures related to filing for business entity names. Changes certain fees.
Allows a corporation's bylaws to be amended to permit staggered terms for a corporation's board
of directors without first amending the articles of incorporation. Provides reduced fees or
eliminates fees for certain items filed electronically. Allows a filing with the secretary of state
to contain multiple assumed business names. Requires the secretary of state to forward to the
department of financial institutions a new filing or an amendment changing the business entity
name if the filing or amendment contains the term "bank" in the name of the business entity.
Provides for the administrative dissolution of a business entity with a name that contains "bank"
if the department of financial institutions determines that the business entity violates the law
regulating banks. Allows electronic signatures on certain electronic filings. Establishes a filing
fee for articles of merger. Allows for a renewable reservation of a nonprofit corporation name.
(This conference committee report: (1) eliminates the provision allowing more than one member
of the board of trustees of Indiana University elected by the alumni to reside in the same county;
(2) eliminates the provision allowing the merger of a parent corporation with a subsidiary
corporation, 100% of which is owned by the parent, without shareholder approval if certain other
conditions are met; (3) makes a conforming amendment to comply with SEA 357; and (4) makes
a technical correction.)
Effective: July 1, 2001; January 1, 2002.
Your Conference Committee appointed to confer with a like committee from the Senate upon Engrossed House Amendments to Engrossed Senate Bill No. 489 respectfully reports that said two committees have conferred and agreed as follows to wit:
that the Senate recede from its dissent from all House amendments and that
the Senate now concur in all House amendments to the bill and that the bill
be further amended as follows:
Senator HarrisonRepresentative Crooks
Senator BladeRepresentative Ripley
Senate Conferees House Conferees