Indiana § 27-14.5-1-19 "Member's interest"

Indiana Statutes

§ 27-14.5-1-19 — "Member's interest"

Indiana § 27-14.5-1-19

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 1General Provisions and Definitions

This text of Indiana § 27-14.5-1-19 ("Member's interest") 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 § 27-14.5-1-19 (2026).

Text

"Member's interest" means:

(1)the voting rights of a member provided by the mutual insurance company's or the mutual insurance holding company's articles of incorporation or bylaws; and

(2)the right to receive cash, stock, or other consideration in the event of a liquidation or dissolution under IC 27-1-10, conversion to a stock company under IC 27-15, or as provided by the mutual insurance company's or mutual insurance holding company's articles of incorporation or bylaws.

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"Member's interest" means:
(1) the voting rights of a member provided by the mutual
insurance company's or the mutual insurance holding company's
articles of incorporation or bylaws; and
(2) the right to receive cash, stock, or other consideration in the
event of a liquidation or dissolution under IC 27-1-10, conversion
to a stock company under IC 27-15, or as provided by the mutual
insurance company's or mutual insurance holding company's
articles of incorporation or bylaws.