Sec. 11. (a) Unless otherwise provided in a corporation's articles of incorporation or bylaws before a control share acquisition has occurred, in the event control shares acquired in a control share acquisition are accorded full voting rights and the acquiring person has acquired control shares with a majority or more of all voting power, all shareholders of the issuing public corporation have dissenters' rights as provided in this chapter. (b) As soon as practicable after such events have occurred, the board of directors shall cause a notice to be sent to all shareholders of the corporation advising them of the facts and that they have dissenters' rights to receive the fair value of their shares pursuant to IC 23-1-44 . (c) As used in this section, "fair value" means a value not less than the highest price paid per share by the acquiring person in the control share acquisition. IC 23-1-43 Chapter 43. Business Combinations 23-1-43-1 "Affiliate" defined 23-1-43-2 "Announcement date" defined 23-1-43-3 "Associate" defined 23-1-43-4 "Beneficial owner" defined 23-1-43-5 "Business combination" defined 23-1-43-6 "Common shares" defined 23-1-43-7 "Consummation date" defined 23-1-43-8 "Control" defined 23-1-43-9 "Exchange Act" defined 23-1-43-10 "Interested shareholder" defined 23-1-43-11 "Market value" defined 23-1-43-12 "Preferred shares" defined 23-1-43-13 "Resident domestic corporation" defined 23-1-43-14 "Share" defined 23-1-43-15 "Share acquisition date" defined 23-1-43-16 "Subsidiary" defined 23-1-43-17 "Voting shares" defined 23-1-43-18 Business combination with interested shareholder within five years of share acquisition date 23-1-43-19 Business combination with interested shareholder; requirements 23-1-43-20 Corporation having shares registered under Exchange Act; application of chapter 23-1-43-21 Amendment of articles of incorporation making corporation subject to this chapter; application of chapter 23-1-43-22 Election not to be covered by this chapter; application of chapter 23-1-43-23 Inadvertent interested shareholder; application of chapter 23-1-43-24 Interested shareholder on January 7, 1986; application of chapter
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