Indiana Code 27-14.5-2-4. Required vote of board of directors in favor of plan of reorganization
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Sec. 4. A plan of reorganization under this chapter must be adopted by:
(2) in the case of the formation of any intermediate stock insurance holding company that is not concurrent with the formation of the mutual insurance holding company, by a vote of not less than two-thirds (2/3) of the members of the board of directors of the mutual insurance holding company.
(1) a vote of not less than two-thirds (2/3) of the members of the board of directors of the mutual insurance company; or
As added by P.L.226-2023, SEC.30.