IC 27-15-8-1: Forms of consideration

Sec. 1. The consideration to be distributed to the eligible members shall be:

(1) cash;

(2) stock or other securities of the former mutual or of the parent company;

(3) additional paid up insurance or annuity benefits;

(4) any combination of the forms of consideration listed in this section; or

(5) other forms of consideration described in the plan of conversion and approved by the commissioner.