{"data":{"id":"us-in/ic-27-14.5-2-4","jurisdiction":"us-in","citation":"IC 27-14.5-2-4","heading":"Required vote of board of directors in favor of plan of reorganization","body":"Sec. 4. A plan of reorganization under this chapter must be adopted by:\n(1) a vote of not less than two-thirds (2/3) of the members of the board of directors of the mutual insurance company; or\n(2) in the case of the formation of any intermediate stock insurance holding company that is not concurrent with the formation of the mutual insurance holding company, by a vote of not less than two-thirds (2/3) of the members of the board of directors of the mutual insurance holding company.","path":["TITLE 27. INSURANCE","ARTICLE 14.5. MUTUAL INSURANCE HOLDING COMPANY LAW","Chapter 2. Mutual Insurance Company Reorganization"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-14.5-2-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"42af88d4bea29107a1b1f551abb6b99766b6f778e98c390ebed9eeb2e99bbdff","source_id":"us-in","stale":false,"prev":"us-in/ic-27-14.5-2-3","next":"us-in/ic-27-14.5-2-5"},"notice":"GroundRules: Original legal text. Not legal advice."}