Indiana Statutes
§ 27-15-1-10 — "Membership interests"
Indiana·Title 27 INSURANCE·Art. 15 DEMUTUALIZATION OF MUTUAL INSURANCE·Ch. 1 General Provisions and Definitions
"Membership interests" means:
(1)the voting rights of members of a domestic mutual insurance
company as provided by law and by the company's articles of
incorporation and bylaws; and
(2)the rights of members of a domestic mutual insurance
company to receive cash, stock, or other consideration in the
event of a conversion to a stock insurance company under this
article or a dissolution under IC 27-1-10, as provided by those
laws and by the company's articles of incorporation and bylaws.
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Legislative History
As added by P.L.94-1999, SEC.3.
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Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10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"