Indiana § 27-2-10-6 "Equity security" defined

Indiana Statutes

§ 27-2-10-6 — "Equity security" defined

Indiana § 27-2-10-6

Title 27INSURANCE

Art. 2POWERS AND DUTIES OF INSURERS

Ch. 10Equity Securities of Insurance Companies

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Bluebook

Ind. Code § 27-2-10-6 (2026).

Text

The term "equity security", when used in this
chapter, means any stock or similar security, or any security
convertible, with or without consideration, into such a security, or
carrying any warrant or right to subscribe to or purchase such a
security, or any such warrant or right, or any other security which the
insurance commissioner shall deem to be of similar nature and consider
necessary or appropriate, by such rules as he may prescribe in the
public interest or for the protection of investors, to treat as an equity
security.
Formerly: Acts 1965, c.5, s.6. As amended by P.L.252-1985,
SEC.134.

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The term "equity security", when used in this
chapter, means any stock or similar security, or any security
convertible, with or without consideration, into such a security, or
carrying any warrant or right to subscribe to or purchase such a
security, or any such warrant or right, or any other security which the
insurance commissioner shall deem to be of similar nature and consider
necessary or appropriate, by such rules as he may prescribe in the
public interest or for the protection of investors, to treat as an equity
security.
Formerly: Acts 1965, c.5, s.6. As amended by P.L.252-1985,
SEC.134.