{"data":{"id":"us-in/ic-27-15-5-7","jurisdiction":"us-in","citation":"IC 27-15-5-7","heading":"Vote required for approval","body":"Sec. 7. The proposed plan of conversion and amendment to the converting mutual's articles of incorporation shall be approved by the members upon receiving the affirmative votes of:\n(1) at least two-thirds (2/3) of the members voting at the meeting; and\n(2) if the plan provides for different classes, categories, or groups of eligible members to receive different forms of consideration, other than as permitted by IC 27-15-8-4(b)(2) or IC 27-15-12, at least two-thirds (2/3) of the members voting at the meeting who would receive each different form of consideration, voting as a class.","path":["TITLE 27. INSURANCE","ARTICLE 15. DEMUTUALIZATION OF MUTUAL INSURANCE COMPANIES","Chapter 5. Voting on the Plan by Members"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-15-5-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"f4e6fcdf382565c3729a7589d17bb8563eaf9dc074546738b5631741b61d249b","source_id":"us-in","stale":false,"prev":"us-in/ic-27-15-5-6","next":"us-in/ic-27-15-6-1"},"notice":"GroundRules: Original legal text. Not legal advice."}