Indiana § 27-2-10-7 Exemption of sale of registered securities or securities in closely held
corporation

Indiana Statutes

§ 27-2-10-7 — Exemption of sale of registered securities or securities in closely held corporation

Indiana § 27-2-10-7

Title 27INSURANCE

Art. 2POWERS AND DUTIES OF INSURERS

Ch. 10Equity Securities of Insurance Companies

This text of Indiana § 27-2-10-7 (Exemption of sale of registered securities or securities in closely held corporation) 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 § 27-2-10-7 (2026).

Text

The provisions of sections 1, 2, and 3 of this chapter shall not apply to transactions in equity securities of a domestic stock insurance company if:

(a)such securities shall be registered, or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934 (15 U.S.C. 78l); or

(b)such domestic stock insurance company shall not have any class of its equity securities held of record by one hundred (100) or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of sections 1, 2, and 3 of this chapter except for the provisions of this subdivision. Formerly: Acts 1965, c.5, s.7. As amended by P.L.252-1985, SEC.135; P.L.3-1989, SEC.153; P.L.124-2018, SEC.63.

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The provisions of sections 1, 2, and 3 of this
chapter shall not apply to transactions in equity securities of a domestic
stock insurance company if:
(a) such securities shall be registered, or shall be required to be
registered, pursuant to section 12 of the Securities Exchange Act
of 1934 (15 U.S.C. 78l); or
(b) such domestic stock insurance company shall not have any
class of its equity securities held of record by one hundred (100)
or more persons on the last business day of the year next
preceding the year in which equity securities of the company
would be subject to the provisions of sections 1, 2, and 3 of this
chapter except for the provisions of this subdivision.
Formerly: Acts 1965, c.5, s.7. As amended by P.L.252-1985,
SEC.135; P.L.3-1989, SEC.153; P.L.124-2018, SEC.63.