Sec. 1. (a) Except as otherwise provided in this section, by complying with this chapter: (1) one (1) or more domestic entities may merge with one (1) or more domestic or foreign entities into a domestic or foreign surviving entity; and (2) two (2) or more foreign entities may merge into a domestic entity. (b) Except as otherwise provided in this section, by complying with the provisions of this chapter applicable to foreign entities, a foreign entity may be a party to a merger under this chapter or may be the surviving entity in such a merger if the merger is authorized by the law of the foreign entity's jurisdiction of formation. (c) A merger between or among domestic or foreign business corporations is governed by IC 23-1-40 and not this chapter. (d) A merger involving domestic or foreign nonprofit corporations is governed by IC 23-17-19 and not this chapter.
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