Indiana Statutes
§ 27-3-2-8 — Treatment of assets
Indiana § 27-3-2-8
JurisdictionIndiana
Title 27INSURANCE
Art. 3CONSOLIDATIONS AND REORGANIZATION
Ch. 2Assessment Plans─Reorganization Into Stock Companies
This text of Indiana § 27-3-2-8 (Treatment of assets) 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 § 27-3-2-8 (2026).
Text
No part of the assets now possessed by such
company, or that shall be possessed at the time of the meeting at which
it is determined to issue stock, or which may be acquired in the interim,
shall be divided among the members of such company, or be expended,
except for the ordinary disbursements of such company made in the
usual course of its business, including losses incurred upon its policies,
but such assets shall remain and constitute as heretofore a fund in the
hands of such company for the security of the holders of its policies.
Formerly: Acts 1895, c.158, s.8.
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Nearby Sections
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Bluebook (online)
Indiana § 27-3-2-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-3-2-8.