{"data":{"id":"us-in/ic-27-5.1-2-21","jurisdiction":"us-in","citation":"IC 27-5.1-2-21","heading":"Merger; plan; policyholder notice","body":"Sec. 21. (a) Two (2) or more farm mutual insurance companies may merge into one (1) farm mutual insurance company upon approval of a merger plan by the policyholders of each farm mutual insurance company as provided in subsection (b).\n(b) Before a merger described in subsection (a) may take place:\n(1) the board of directors of each farm mutual insurance company must approve a merger plan; and\n(2) the merger plan must be approved by the affirmative vote of two-thirds (2/3) of the policyholders of each farm mutual insurance company who vote in person or by proxy.\n(c) Before a meeting at which a proposed merger under this section may be considered:\n(1) the policyholders of a farm mutual insurance company for which the merger is proposed must be provided, by first class mail:\n(A) written notice of the date, time, and location of the meeting;\n(B) written notice that a proposed merger will be discussed and voted on at the meeting; and\n(C) a copy or summary of the merger plan; and\n(2) a general notice stating:\n(A) the date, time, and location of the meeting; and\n(B) that a proposed merger or transfer will be discussed and voted on at the meeting;\nmust be published in a newspaper of general circulation in the county in which the principal office of the farm mutual insurance company is located.","path":["TITLE 27. INSURANCE","ARTICLE 5.1. FARM MUTUAL INSURANCE COMPANIES","Chapter 2. Farm Mutual Insurance Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-5.1-2-21","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"738032e9891482ab7f7fc69aa389f35c293ce4488162776197b49940008d7dfd","source_id":"us-in","stale":false,"prev":"us-in/ic-27-5.1-2-20","next":"us-in/ic-27-5.1-2-22"},"notice":"GroundRules: Original legal text. Not legal advice."}