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§ 27-14-5-1-19 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 14.5 - Mutual Insurance Holding Company Law/
  6. Chapter 1 - General Provisions and Definitions27-14.5-1-1. Reference to Article/
  7. § 27-14-5-1-19
Indiana Legal Code

§ 27-14-5-1-19

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'Member's interest' means:(1) the voting rights of a member provided by the mutual insurance company's or the mutual insurance holding company's articles of incorporation or bylaws; and(2) the right to receive cash, stock, or other consideration in the event of a liquidation or dissolution under IC 27-1-10, conversion to a stock company under IC 27-15, or as provided by the mutual insurance company's or mutual insurance holding company's articles of incorporation or bylaws.As added by P.L.226-2023, SEC.30.