Indiana Statutes
§ 27-14.5-3-2 — Required vote of board of directors in favor of issuing stock
Indiana § 27-14.5-3-2
JurisdictionIndiana
Title 27INSURANCE
Art. 14.5MUTUAL INSURANCE HOLDING COMPANY
Ch. 3Issuance of Capital Stock
This text of Indiana § 27-14.5-3-2 (Required vote of board of directors in favor of issuing stock) 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 § 27-14.5-3-2 (2026).
Text
A plan to issue stock under this chapter must be adopted:
(1)by a vote of not less than two-thirds (2/3) of the members of
the board of directors of the mutual insurance company; or
(2)in the case of a plan to issue shares of stock that is not
concurrent with the formation of the mutual insurance holding
company, by a vote of not less than two-thirds (2/3) of the
members of the board of directors of the mutual insurance holding
company and the reorganized insurer or intermediate stock
holding company proposing to issue the stock.
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Legislative History
As added by P.L.226-2023, SEC.30.
Nearby Sections
15
§ 27-1-1-1
Creation; functions§ 27-1-1-2
Insurance commissioner§ 27-1-1-3
Personnel§ 27-1-1-4
Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10
"Annual Statement Blank"§ 27-1-1.5-11
"Annual Statement Instructions"§ 27-1-1.5-12
"Current Dental Terminology"; "CDT"§ 27-1-1.5-13
"Current Procedural Terminology"; "CPT"§ 27-1-1.5-15
"Financial Analysis Handbook"§ 27-1-1.5-16
"Financial Condition Examiner's Handbook"§ 27-1-1.5-18
"Healthcare Common Procedure Coding System"; "HCPCS"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 27-14.5-3-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-14.5-3-2.