Control Share Statute. As of the Closing Date, the Company shall not have amended its Bylaws to opt back in to the provisions of the IBCL pertaining to the acquisition of a controlling interest (IBCL 23-1-42-1 through 23-1-42-11); provided, however, that the Company can so amend its Bylaws to opt into the provisions of Chapter 42 of the IBCL once the purchase and issuance of the Shares hereunder is complete.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Tontine Capital Partners L P), Securities Purchase Agreement (Patrick Industries Inc), Securities Purchase Agreement (Patrick Industries Inc)
