Indiana Statutes

§ 27-15-5-6 — Proxy voting

Indiana·Title 27 INSURANCE·Art. 15 DEMUTUALIZATION OF MUTUAL INSURANCE·Ch. 5 Voting on the Plan by Members

Notwithstanding IC 27-1-7-9, a member may vote by proxy only if:

(1)the proxy was solicited and obtained from the member for the express purpose of voting on the plan of conversion and the amendment to the articles of incorporation; and
(2)the proxy solicitation materials were provided to and approved by the commissioner before they were mailed or provided to the member.

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Legislative History

As added by P.L.94-1999, SEC.3.

Nearby Sections

15
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