{"data":{"id":"us-in/ic-27-14.5-4-12","jurisdiction":"us-in","citation":"IC 27-14.5-4-12","heading":"When plan of reorganization or plan to issue stock is effective","body":"Sec. 12. (a) A plan of reorganization is effective when:\n(1) the commissioner has issued the permit for completion of organization of the mutual insurance holding company; and\n(2) the certificate of authority for the reorganized insurer has been:\n(A) issued by the commissioner under this chapter; and\n(B) recorded in the office of the county recorder of the county in which the principal office of the reorganized insurer is located.\n(b) A plan to issue stock is effective on the date on which the stock is issued in compliance with this article.","path":["TITLE 27. INSURANCE","ARTICLE 14.5. MUTUAL INSURANCE HOLDING COMPANY LAW","Chapter 4. Public Hearing, Public Comment, Commissioner Approval, and Effective Date of Plan"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-14.5-4-12","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"0b5149c5f0350019169d3a496b035c0956f17d812b246c9792c36b458fb31512","source_id":"us-in","stale":false,"prev":"us-in/ic-27-14.5-4-11","next":"us-in/ic-27-14.5-4-13"},"notice":"GroundRules: Original legal text. Not legal advice."}