Indiana § 27-14.5-1-13 "Eligible member"

Indiana Statutes

§ 27-14.5-1-13 — "Eligible member"

Indiana § 27-14.5-1-13

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 1General Provisions and Definitions

This text of Indiana § 27-14.5-1-13 ("Eligible member") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 27-14.5-1-13 (2026).

Text

"Eligible member" means, with respect to a plan, a person who is a member of a mutual insurance company or mutual insurance holding company, as applicable, on the adoption date of a plan and:

(1)solely for purposes of receipt of notice of and voting at a meeting of members on a plan of reorganization, continues to be a member of the mutual insurance company on the record date for the meeting of members; or

(2)solely for purposes of eligibility to receive stock subscription rights, if any, under a plan to issue stock, continues to be a member of the mutual insurance company or mutual insurance holding company, as applicable, on the date the commissioner approves the plan to issue stock.

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"Eligible member" means, with respect to
a plan, a person who is a member of a mutual insurance company or
mutual insurance holding company, as applicable, on the adoption date
of a plan and:
(1) solely for purposes of receipt of notice of and voting at a
meeting of members on a plan of reorganization, continues to be
a member of the mutual insurance company on the record date for
the meeting of members; or
(2) solely for purposes of eligibility to receive stock subscription
rights, if any, under a plan to issue stock, continues to be a
member of the mutual insurance company or mutual insurance
holding company, as applicable, on the date the commissioner
approves the plan to issue stock.