(b) As used in this section, 'foreign corporation' means a corporation organized or reorganized under the law of a state or jurisdiction other than Indiana.(c) A person may not acquire control, as that term is defined in IC 27-1-23-1, of a health maintenance organization or a limited service health maintenance organization unless:(1) that person complies with the requirements of IC 27-1-23-2; and(2) the acquisition is approved by the commissioner under the procedure set forth in IC 27-1-23-2.As added by P.L.26-1994, SEC.25. Amended by P.L.185-1996, SEC.17; P.L.203-2001, SEC.30.
Indiana Legal Code