Indiana § 27-8-1-16 Foreign corporations; fraudulent practices; quo warranto to revoke
license

Indiana Statutes

§ 27-8-1-16 — Foreign corporations; fraudulent practices; quo warranto to revoke license

Indiana·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 1 Life Insurance─Assessment Plan

When, in the state comptroller's opinion, such
corporation or association is in this state conducting its business
fraudulently, or is not carrying out its contracts with members residing
in this state, in good faith, the state comptroller shall report the same
to the attorney general, who shall thereupon commence proceedings by
writ of quo warranto against such corporation or association, requiring
it to show cause why its license to do business in this state should not
be revoked.
Formerly: Acts 1883, c.136, s.16. As amended by P.L.9-2024,
SEC.488.

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When, in the state comptroller's opinion, such
corporation or association is in this state conducting its business
fraudulently, or is not carrying out its contracts with members residing
in this state, in good faith, the state comptroller shall report the same
to the attorney general, who shall thereupon commence proceedings by
writ of quo warranto against such corporation or association, requiring
it to show cause why its license to do business in this state should not
be revoked.
Formerly: Acts 1883, c.136, s.16. As amended by P.L.9-2024,
SEC.488.

Indiana § 27-8-1-16 (Foreign corporations; fraudulent practices; quo warranto to revoke license) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.