27-15-1-8. “Former Mutual”
Sec. 8. “Former mutual” means the domestic stock insurance company resulting from the conversion of a converting mutual to a stock insurance company under a plan of conversion and an amendment to its articles of incorporation under this article. As added by P.L.94-1999, SEC.3.
27-15-1-9. “Member”
Sec. 9. “Member” means a person that, according to the: (1) records; (2) articles of incorporation; and (3) bylaws; of a converting mutual, is a member of the converting mutual. As added by P.L.94-1999, SEC.3.
27-15-1-10. “Membership Interests”
Sec. 10. “Membership interests” means: (1) the voting rights of members of a domestic mutual insurance company as provided by law and by the company’s articles of incorporation and bylaws; and (2) the rights of members of a domestic mutual insurance company to receive cash, stock, or other consideration in the event of a conversion […]
27-15-1-11. “Parent Company”
Sec. 11. “Parent company” means a corporation that, upon the effective date of a conversion, owns all of the stock of the former mutual. As added by P.L.94-1999, SEC.3.