Indiana § 27-14.5-2-7 Amendment or termination of plan of reorganization

Indiana Statutes

§ 27-14.5-2-7 — Amendment or termination of plan of reorganization

Indiana § 27-14.5-2-7

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 2Mutual Insurance Company Reorganization

This text of Indiana § 27-14.5-2-7 (Amendment or termination of plan of reorganization) 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 § 27-14.5-2-7 (2026).

Text

A plan of reorganization that is adopted by the board of directors of the applicant may be amended or terminated by a vote of not less than two-thirds (2/3) of the members of the board of directors of the applicant:

(1)in response to the comments or recommendations of the commissioner, or any other state or federal agency or entity, before any solicitation of proxies from the members to vote on the plan of reorganization;

(2)at any time before the members vote on the plan of reorganization; or

(3)otherwise, at any time, with the consent of the commissioner.

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A plan of reorganization that is adopted by
the board of directors of the applicant may be amended or terminated
by a vote of not less than two-thirds (2/3) of the members of the board
of directors of the applicant:
(1) in response to the comments or recommendations of the
commissioner, or any other state or federal agency or entity,
before any solicitation of proxies from the members to vote on the
plan of reorganization;
(2) at any time before the members vote on the plan of
reorganization; or
(3) otherwise, at any time, with the consent of the commissioner.