IC 27-1-11 – Reorganization of Existing Insurance Companies | Midpage

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Indiana Code

Chapter 11

IC 27-1-11

Reorganization of Existing Insurance Companies

1Authority to reorganize; reorganization of mutual company as stock company unauthorized 2Articles; approval by directors 3Articles; submission to shareholders, members, or policyholders; vote required; eligibility to vote 4Articles; execution; approval or disapproval by department 5Articles; presentation to secretary of state; duties of secretary of state 6Filing copy of articles; cancellation of certificate of authority; recording articles; exercise of new powers 7Completion of reorganization; effect