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§ 27-15-1-7 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 15 - Demutualization of Mutual Insurance Companies/
  6. Chapter 1 - General Provisions and Definitions27-15-1-1. Short Title/
  7. § 27-15-1-7
Indiana Legal Code

§ 27-15-1-7

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'Eligible member' means a person who:(1) is a member of the converting mutual on the date the converting mutual's board of directors adopts a resolution proposing a plan of conversion and an amendment to the articles of incorporation; and(2) continues to be a member of the converting mutual on the effective date of the conversion.As added by P.L.94-1999, SEC.3.