GroundRules
IC 27-15-1-7: "Eligible member"
Where this section sits in the code
- TITLE 27. INSURANCE
- ARTICLE 15. DEMUTUALIZATION OF MUTUAL INSURANCE COMPANIES
- Chapter 1. General Provisions and Definitions
Sec. 7. "Eligible member" means a person who:
(1) is a member of the converting mutual on the date the converting mutual's board of directors adopts a resolution proposing a plan of conversion and an amendment to the articles of incorporation; and
(2) continues to be a member of the converting mutual on the effective date of the conversion.
Collected 2026-09-25T05:39:04Z. Source file · JSON