Indiana § 27-15-1-10 "Membership interests"

Indiana Statutes

§ 27-15-1-10 — "Membership interests"

Indiana § 27-15-1-10

Title 27INSURANCE

Art. 15DEMUTUALIZATION OF MUTUAL INSURANCE

Ch. 1General Provisions and Definitions

This text of Indiana § 27-15-1-10 ("Membership interests") 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 § 27-15-1-10 (2026).

Text

"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.

Free access — add to your briefcase to read the full text and ask questions with AI

"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.