Indiana Statutes
§ 27-15-8-3 — Delay in distribution; time limitation
Indiana·Title 27 INSURANCE·Art. 15 DEMUTUALIZATION OF MUTUAL INSURANCE·Ch. 8 Distribution of Consideration to Members
Distribution of all or part of the consideration
to some or all of the eligible members may be delayed, or restrictions
on sale or transfer of any stock or other securities to be distributed to
eligible members may be required, for a reasonable period of time
following the effective date of the conversion. However, the period of
time may not exceed six (6) months except as permitted under IC 27-15-12.
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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Repealed§ 27-1-1-5
Repealed§ 27-1-1.5-10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"