{"data":{"id":"us-in/ic-27-3-1-2","jurisdiction":"us-in","citation":"IC 27-3-1-2","heading":"Authority to adopt plan of exchange","body":"Sec. 2. Any domestic stock insurance company (referred to in this chapter as the \"domestic company\") may adopt a plan of exchange providing for the exchange by its shareholders of their stock in the domestic company for:\n(i) shares of stock issued by any other stock insurance corporation organized or reorganized under the provisions of IC 27-1 or any statute enacted prior to March 8, 1935, or any stock corporation organized under the provisions of IC 23-1 or any foreign stock corporation (such other corporation is referred to in this chapter as the \"acquiring corporation\");\n(ii) other securities issued by the acquiring corporation;\n(iii) cash;\n(iv) other consideration; or\n(v) any combination of such stock, such other securities, cash, or other consideration.","path":["TITLE 27. INSURANCE","ARTICLE 3. CONSOLIDATIONS AND REORGANIZATION","Chapter 1. Exchange of Securities"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-3-1-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"b6f62bcde139ab7ac285cff403542331e444b7a9930905fd8996c9117ca0f0c8","source_id":"us-in","stale":false,"prev":"us-in/ic-27-3-1-1","next":"us-in/ic-27-3-1-3"},"notice":"GroundRules: Original legal text. Not legal advice."}