Indiana § 27-14.5-4-12 When plan of reorganization or plan to issue stock is effective

Indiana Statutes

§ 27-14.5-4-12 — When plan of reorganization or plan to issue stock is effective

Indiana § 27-14.5-4-12

Title 27INSURANCE

Art. 14.5MUTUAL INSURANCE HOLDING COMPANY

Ch. 4Public Hearing, Public Comment, Commissioner

This text of Indiana § 27-14.5-4-12 (When plan of reorganization or plan to issue stock is effective) 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 § 27-14.5-4-12 (2026).

Text

(a)A plan of reorganization is effective when:

(1)the commissioner has issued the permit for completion of organization of the mutual insurance holding company; and

(2)the certificate of authority for the reorganized insurer has been:

(A)issued by the commissioner under this chapter; and

(B)recorded in the office of the county recorder of the county in which the principal office of the reorganized insurer is located.

(b)A plan to issue stock is effective on the date on which the stock is issued in compliance with this article.

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(a) A plan of reorganization is effective
when:
(1) the commissioner has issued the permit for completion of
organization of the mutual insurance holding company; and
(2) the certificate of authority for the reorganized insurer has
been:
(A) issued by the commissioner under this chapter; and
(B) recorded in the office of the county recorder of the county
in which the principal office of the reorganized insurer is
located.
(b) A plan to issue stock is effective on the date on which the stock
is issued in compliance with this article.