{"id":1096,"date":"2018-01-02T16:58:51","date_gmt":"2018-01-02T21:58:51","guid":{"rendered":"https:\/\/businesslaw.smithrayl.com\/blog\/?p=1096"},"modified":"2023-11-28T13:36:47","modified_gmt":"2023-11-28T18:36:47","slug":"indiana-business-entity-harmonization-part-iii","status":"publish","type":"post","link":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/","title":{"rendered":"Indiana Business Entity Harmonization: Part III"},"content":{"rendered":"

[March 3, 2018. The General Assembly amended some of the provisions created the Business Entity Harmonization Bill, as discussed in a Postscript<\/a> to this series.<\/em>]<\/p>\n

This is the third of a four-part series discussing the Business Entity Harmonization Bill passed by the Indiana General Assembly in 2017. The first two parts are here <\/a>and here<\/a>.<\/p>\n

Senate Enrolled Act 443 creates, effective as of January 1, 2018, a new Article 0.6<\/a>, the Uniform Business Organization Transactions Code, in Title 23 of the Indiana Code. In previous versions of the statute, provisions dealing with mergers, conversions, and domestications of business corporations, limited liability companies (LLCs), limited partnerships (LPs), limited liability partnerships (LLPs), and nonprofit corporations were scattered across several articles of Title 23. The Uniform Business Organization Transactions Code gathers most of them into one article that, in general, applies at least as broadly as each corresponding provision of the former statute, and in some cases more broadly. In addition, the new article provides for the acquisition of ownership interest (i.e., stock in a corporation or interest in a partnership or LLC) by another entity.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Uniform Business Organization Transactions Code consolidates most procedures for the conversion, merger, domestication, and interest exchange of business corporations, LLCs, LPs, LLPs, and nonprofit corporations into a single part of the Indiana Code.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,11,12,13,15],"tags":[],"class_list":["post-1096","post","type-post","status-publish","format-standard","hentry","category-corporations","category-indiana-general-assembly","category-limited-liability-companies","category-mergers-and-acquisitions","category-partnerships"],"yoast_head":"\nIndiana Business Entity Harmonization: Part III — Indiana Business Law Blog — January 2, 2018<\/title>\n<meta name=\"description\" content=\"The Uniform Business Organization Transactions Code consolidates most procedures for the conversion, merger, domestication, and interest exchange of business corporations, LLCs, LPs, LLPs, and nonprofit corporations into a single part of the Indiana Code. — January 2, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael R. Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Indiana Business Entity Harmonization: Part III — Indiana Business Law Blog — January 2, 2018","description":"The Uniform Business Organization Transactions Code consolidates most procedures for the conversion, merger, domestication, and interest exchange of business corporations, LLCs, LPs, LLPs, and nonprofit corporations into a single part of the Indiana Code. — January 2, 2018","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/","twitter_misc":{"Written by":"Michael R. Smith","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/#article","isPartOf":{"@id":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/"},"author":{"name":"Michael R. Smith","@id":"https:\/\/www.hpindiana.law\/business-blog\/#\/schema\/person\/22651dd1a387f83ca7560f7eba353e29"},"headline":"Indiana Business Entity Harmonization: Part III","datePublished":"2018-01-02T21:58:51+00:00","dateModified":"2023-11-28T18:36:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/"},"wordCount":1151,"articleSection":["Corporations","Indiana General Assembly","Limited Liability Companies","Mergers and Acquisitions","Partnerships"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/","url":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/","name":"Indiana Business Entity Harmonization: Part III — Indiana Business Law Blog — January 2, 2018","isPartOf":{"@id":"https:\/\/www.hpindiana.law\/business-blog\/#website"},"datePublished":"2018-01-02T21:58:51+00:00","dateModified":"2023-11-28T18:36:47+00:00","author":{"@id":"https:\/\/www.hpindiana.law\/business-blog\/#\/schema\/person\/22651dd1a387f83ca7560f7eba353e29"},"description":"The Uniform Business Organization Transactions Code consolidates most procedures for the conversion, merger, domestication, and interest exchange of business corporations, LLCs, LPs, LLPs, and nonprofit corporations into a single part of the Indiana Code. — January 2, 2018","breadcrumb":{"@id":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.hpindiana.law\/business-blog\/indiana-business-entity-harmonization-part-iii\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.hpindiana.law\/business-blog\/"},{"@type":"ListItem","position":2,"name":"Indiana Business Entity Harmonization: Part III"}]},{"@type":"WebSite","@id":"https:\/\/www.hpindiana.law\/business-blog\/#website","url":"https:\/\/www.hpindiana.law\/business-blog\/","name":"Indiana Business Law Blog","description":"Published by Indianapolis Corporate Attorneys \u2014 Harshman Ponist Smith & Rayl, LLC","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.hpindiana.law\/business-blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.hpindiana.law\/business-blog\/#\/schema\/person\/22651dd1a387f83ca7560f7eba353e29","name":"Michael R. Smith","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/095342975260becd46df795933b96309ce26cc246013b9675f2ebfbfb15aeb88?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/095342975260becd46df795933b96309ce26cc246013b9675f2ebfbfb15aeb88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/095342975260becd46df795933b96309ce26cc246013b9675f2ebfbfb15aeb88?s=96&d=mm&r=g","caption":"Michael R. Smith"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/posts\/1096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/comments?post=1096"}],"version-history":[{"count":1,"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/posts\/1096\/revisions"}],"predecessor-version":[{"id":2178,"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/posts\/1096\/revisions\/2178"}],"wp:attachment":[{"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/media?parent=1096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/categories?post=1096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hpindiana.law\/business-blog\/wp-json\/wp\/v2\/tags?post=1096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}