{"data":{"id":"us-in/ic-27-14.5-1-5","jurisdiction":"us-in","citation":"IC 27-14.5-1-5","heading":"\"Acting in concert\"","body":"Sec. 5. (a) Subject to subsection (b), \"acting in concert\" means:\n(1) a knowing participation in a joint activity whether or not under an express agreement;\n(2) interdependent conscious parallel action toward a common goal under an express agreement or otherwise; or\n(3) a combination or pooling of voting interests or other interests in the securities of any person for a common purpose under any contract, understanding, relationship, agreement, or other arrangement, written or otherwise.\n(b) An employee benefit plan is acting in concert with:\n(1) its trustee; or\n(2) a person who serves in a capacity similar to a trustee;\nsolely for the purpose of determining whether capital stock held by the trustee or the person in a similar capacity and capital stock held by the plan will be aggregated.","path":["TITLE 27. INSURANCE","ARTICLE 14.5. MUTUAL INSURANCE HOLDING COMPANY LAW","Chapter 1. General Provisions and Definitions"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-14.5-1-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"10bd8ecd046e42769fd468168861b3dbcd6e79a221fdef9aae648f14e307abef","source_id":"us-in","stale":false,"prev":"us-in/ic-27-14.5-1-4","next":"us-in/ic-27-14.5-1-6"},"notice":"GroundRules: Original legal text. Not legal advice."}