Indiana § 27-7-3-12 Foreign corporations; capital and deposit requirements; certificate of
authority; rights and privileges

Indiana Statutes

§ 27-7-3-12 — Foreign corporations; capital and deposit requirements; certificate of authority; rights and privileges

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 3 Abstract and Title Insurance

Every foreign corporation duly authorized to
do a title insurance business in the state in which it is incorporated or
organized and admitted to do business in this state under IC 23-1 may
be authorized by the department to transact a title insurance business
in this state upon filing with the department proof which satisfies it that
the corporation has complied with sections 5 and 9 of this chapter and
has deposited with the proper official of the state in which it is
incorporated or organized, or has deposited with the department, the
amount as required by section 7 of this chapter, and that it has
complied with the provisions of this chapter. Upon the receipt of such
proof, the commissioner may issue to such foreign corporation a
certificate of authority as provided for in section 6 of 

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Every foreign corporation duly authorized to
do a title insurance business in the state in which it is incorporated or
organized and admitted to do business in this state under IC 23-1 may
be authorized by the department to transact a title insurance business
in this state upon filing with the department proof which satisfies it that
the corporation has complied with sections 5 and 9 of this chapter and
has deposited with the proper official of the state in which it is
incorporated or organized, or has deposited with the department, the
amount as required by section 7 of this chapter, and that it has
complied with the provisions of this chapter. Upon the receipt of such
proof, the commissioner may issue to such foreign corporation a
certificate of authority as provided for in section 6 of this chapter. A
foreign corporation admitted to do business under this chapter shall
have the same but no greater rights and privileges than a domestic
corporation under this chapter.
Formerly: Acts 1937, c.104, s.12. As amended by P.L.252-1985,
SEC.257.

Indiana § 27-7-3-12 (Foreign corporations; capital and deposit requirements; certificate of authority; rights and privileges) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.