Indiana § 27-1-11-4 Articles; execution; approval or disapproval by department

Indiana Statutes

§ 27-1-11-4 — Articles; execution; approval or disapproval by department

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 11 Reorganization of Existing Insurance Companies

(a)Upon the approval and adoption thereof, the articles of reorganization shall be filed in triplicate originals, in the form prescribed by the department, by the president or a vice president and the secretary or an assistant secretary of the corporation, and acknowledged and sworn to before a notary public by the officer signing the same and shall be presented in triplicate to the department at its office.

(b)The department is hereby authorized, in its discretion, to approve or disapprove the articles of reorganization, and if the department shall approve the articles of reorganization it shall endorse its approval thereon as required in IC 27-1-6-8 and present the same to the secretary of state for the state of Indiana for his approval. Formerly: Acts 1935, c.162, s.142. As amended by

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(a) Upon the approval and adoption thereof, the
articles of reorganization shall be filed in triplicate originals, in the
form prescribed by the department, by the president or a vice president
and the secretary or an assistant secretary of the corporation, and
acknowledged and sworn to before a notary public by the officer
signing the same and shall be presented in triplicate to the department
at its office.
(b) The department is hereby authorized, in its discretion, to
approve or disapprove the articles of reorganization, and if the
department shall approve the articles of reorganization it shall endorse
its approval thereon as required in IC 27-1-6-8 and present the same to
the secretary of state for the state of Indiana for his approval.
Formerly: Acts 1935, c.162, s.142. As amended by
P.L.252-1985, SEC.56.

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