Indiana § 27-1-9-8 Voting at meeting of shareholders, policyholders, or members; proxies;
vote required

Indiana Statutes

§ 27-1-9-8 — Voting at meeting of shareholders, policyholders, or members; proxies; vote required

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 9 Merger, Consolidation, and Reinsurance

At any meeting of the shareholders, members,
or policyholders held pursuant to the resolution of the board of
directors for the purpose of adopting an agreement of merger or
consolidation, as provided for in sections 3 and 4 of this chapter, the
shareholders, members, or policyholders entitled to vote in respect
thereof may vote in person or by proxy. Each shareholder entitled to
vote at such meeting shall have one (1) vote for each share of voting
stock held by him, and each member or policyholder entitled to vote at
such meeting shall have one (1) vote regardless of the amount of
insurance or number of policies held by him. The affirmative votes
representing two-thirds (2/3) of all outstanding capital stock in case of
purely stock companies, or two-thirds (2/3) of all outstanding capital

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At any meeting of the shareholders, members,
or policyholders held pursuant to the resolution of the board of
directors for the purpose of adopting an agreement of merger or
consolidation, as provided for in sections 3 and 4 of this chapter, the
shareholders, members, or policyholders entitled to vote in respect
thereof may vote in person or by proxy. Each shareholder entitled to
vote at such meeting shall have one (1) vote for each share of voting
stock held by him, and each member or policyholder entitled to vote at
such meeting shall have one (1) vote regardless of the amount of
insurance or number of policies held by him. The affirmative votes
representing two-thirds (2/3) of all outstanding capital stock in case of
purely stock companies, or two-thirds (2/3) of all outstanding capital
stock, if any, and two-thirds (2/3) of the votes cast by the members or
policyholders represented at the meeting in person or by proxy in the
case of other companies, shall be necessary for the adoption of such
proposed articles of merger or consolidation.
Formerly: Acts 1935, c.162, s.122; Acts 1941, c.115, s.4. As
amended by P.L.252-1985, SEC.43.

Indiana § 27-1-9-8 (Voting at meeting of shareholders, policyholders, or members; proxies; vote required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.