{"data":{"id":"us-in/ic-27-14.5-3-3","jurisdiction":"us-in","citation":"IC 27-14.5-3-3","heading":"Amendment or withdrawal of plan to issue stock","body":"Sec. 3. A board of directors that adopts a plan to issue stock under this chapter may amend or withdraw the plan at any time before the effective date by a vote of not less than two-thirds (2/3) of the members of the board of directors. However, after the commissioner has approved a plan to issue stock, the plan may not be amended unless the commissioner approves the amendment.","path":["TITLE 27. INSURANCE","ARTICLE 14.5. MUTUAL INSURANCE HOLDING COMPANY LAW","Chapter 3. Issuance of Capital Stock"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-14.5-3-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"18afe6199a7f361653e467a5610ed1bf9d32a65f687544ebcbe781276c90a579","source_id":"us-in","stale":false,"prev":"us-in/ic-27-14.5-3-2","next":"us-in/ic-27-14.5-3-4"},"notice":"GroundRules: Original legal text. Not legal advice."}