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§ 27-15-9-1 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 27 - Insurance/
  5. Article 15 - Demutualization of Mutual Insurance Companies/
  6. Chapter 9 - Formula for Allocation of Consideration Among Members27-15-9-1. Value, Amount, or Proportion of Consideration Received/
  7. § 27-15-9-1
Indiana Legal Code

§ 27-15-9-1

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The method or formula for allocating consideration among the eligible members shall provide for each eligible member to receive:(1) a fixed value, amount, or proportion of consideration;(2) a variable value, amount, or proportion of consideration; or(3) a combination of fixed and variable values, amounts, or proportions of consideration.As added by P.L.94-1999, SEC.3.