Indiana § 27-1-9-2.5 Definitions relating to merger

Indiana Statutes

§ 27-1-9-2.5 — Definitions relating to merger

Indiana § 27-1-9-2.5

Title 27INSURANCE

Art. 1DEPARTMENT OF INSURANCE

Ch. 9Merger, Consolidation, and Reinsurance

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Bluebook

Ind. Code § 27-1-9-2.5 (2026).

Text

5.

(a)As used in section 3 of this chapter, "participating shares" means shares that entitle the shareholders to participate without limitation in distributions.

(b)As used in section 3 of this chapter, "voting members" means members or policyholders entitled to vote unconditionally in the election of directors.

(c)As used in section 3 of this chapter, "voting shares" means shares that entitle the shareholders to vote unconditionally in the election of directors.

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5. (a) As used in section 3 of this chapter,
"participating shares" means shares that entitle the shareholders to
participate without limitation in distributions.
(b) As used in section 3 of this chapter, "voting members" means
members or policyholders entitled to vote unconditionally in the
election of directors.
(c) As used in section 3 of this chapter, "voting shares" means
shares that entitle the shareholders to vote unconditionally in the
election of directors.