§ 27-1-10-5 — Articles of dissolution; contents; executions; approval

Indiana § 27-1-10-5

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 10: Voluntary Dissolution

Text

The corporation shall then execute and file, in
the manner provided in this chapter, articles of dissolution, setting forth
the following:
(a) The name of the corporation.
(b) The place where its principal office is located.
(c) The date of the meeting of the shareholders, members, or
policyholders at which the dissolution was authorized and a copy
of the notice of such meeting.
(d) A copy of the resolution of the shareholders, members, or
policyholders authorizing the dissolution.
(e) The manner of its adoption and the vote by which it was
adopted.
(f) A copy of the notice published and mailed as provided in this
chapter.
(g) The names and addresses of the then existing directors and
officers of the corporation.
(h) A complete itemized list of all the corporate debts and
liabilities of the corporation existing at the time of the adoption of
such resolution and thereafter incurred, and the date and manner
of payment of each such debt and liability.
(i) A complete itemized list of all the corporate assets and
property distributed to its shareholders, members, or
policyholders, the name of each such shareholder, member, or
policyholder, the amount distributed to each, and the date of
distribution.
The articles of dissolution shall be executed in triplicate originals, in
the form prescribed by the department, and signed by the president or
a vice president and the secretary or an assistant secretary of the
corporation, and verified by the oaths of the officers signing the same,
and shall be presented in triplicate originals to the department at its
office accompanied by the proof of publication of the notice required
by section 4 of this chapter. The department is hereby authorized, in its
discretion, to approve or disapprove the articles of dissolution and
proof of publication. If the department shall approve the articles of
dissolution and proof of publication, it shall endorse its approval
thereon as required in IC 27-1-6-8 and present the same to the attorney
general of the state of Indiana for examination. In the event the attorney
general approves the articles of dissolution and proof of publication he
shall certify his approval thereon as required in IC 27-1-6-9 and return
the same to the department when the articles of dissolution and proof
of publication have been approved by the attorney general and returned
to the department.
Formerly: Acts 1935, c.162, s.135. As amended by
P.L.252-1985, SEC.50.