Indiana § 27-8-1-10 Quo warranto to remove officers or close business

Indiana Statutes

§ 27-8-1-10 — Quo warranto to remove officers or close business

Indiana § 27-8-1-10

Title 27INSURANCE

Art. 8LIFE, ACCIDENT, AND HEALTH

Ch. 1Life Insurance─Assessment Plan

This text of Indiana § 27-8-1-10 (Quo warranto to remove officers or close business) 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 § 27-8-1-10 (2026).

Text

Whenever any such corporation or association
shall fail to make its annual statement to the insurance commissioner
before August 31, or if, in the opinion of the commissioner it is
conducting its business fraudulently or not in compliance with this
chapter or is not carrying out its contract with the members in good
faith, then it shall be the duty of the commissioner to communicate the
fact to the attorney general, who may thereupon commence proceeding,
by writ of quo warranto against such corporation, association, or
society, requiring it to show cause why its officers should not be
removed or its business closed, and the court shall thereupon hear the
allegations and proofs of the respective parties; and if it shall appear to
the satisfaction of such court that the officers of such corp

Free access — add to your briefcase to read the full text and ask questions with AI

Whenever any such corporation or association
shall fail to make its annual statement to the insurance commissioner
before August 31, or if, in the opinion of the commissioner it is
conducting its business fraudulently or not in compliance with this
chapter or is not carrying out its contract with the members in good
faith, then it shall be the duty of the commissioner to communicate the
fact to the attorney general, who may thereupon commence proceeding,
by writ of quo warranto against such corporation, association, or
society, requiring it to show cause why its officers should not be
removed or its business closed, and the court shall thereupon hear the
allegations and proofs of the respective parties; and if it shall appear to
the satisfaction of such court that the officers of such corporation,
association, or society, or any one (1) or more of them, have been guilty
of any material irregularity or violation of law to the injury of such
corporation, association, or society, the said court shall decree a
removal from office of the guilty party or parties and substitute suitable
persons to serve until the regular annual election, or until a successor
is regularly chosen; or if it shall appear to the court that the interest of
the public so requires, the court shall decree a dissolution of such
corporation, association, or society and a distribution of its effects.
Formerly: Acts 1883, c.136, s.10. As amended by P.L.252-1985,
SEC.272.