Indiana Code 27-14.5-3-4. Filing of application with insurance commissioner after adoption of plan to issue stock
(1) A proposed plan to issue stock.
Terms Used In Indiana Code 27-14.5-3-4
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(3) The form of the proxy statement to be used to solicit the votes of members, which must include a description of the plan.
(4) The form of proxy to be solicited from members.
(5) If it is necessary to amend the current articles of incorporation or bylaws of a company that is affected by the plan, a copy of the proposed articles of amendment and amended bylaws of the company, which must comply with the requirements of IC 27-1-8.
(6) A list of the officers and directors of each company that is affected by the plan.
(7) A description of the following:
(A) The stock intended to be offered by the applicant.
(B) All shareholder rights applicable to the stock intended to be offered by the applicant.
(C) The total number of shares authorized to be issued.
(D) The estimated number of shares the applicant intends to offer.
(E) The intended date or range of dates for the offering.
(8) A list of the following:
(A) The name or names of any underwriter, syndicate member, or placement agent involved.
(B) If known by the applicant, the name or names of each person or group of persons who will control five percent (5%) or more of the total outstanding shares of the class of stock to be offered.
(C) If any of the persons listed under clause (A) or (B) is a corporation or other business entity, the name of each member of its board of directors or equivalent management body.
(9) Copies of any filings that have been made, if applicable, with the United States Securities and Exchange Commission.
(10) A description of all expenses expected to be incurred in connection with the plan to issue stock.
(11) Any other information requested by the commissioner.
As added by P.L.226-2023, SEC.30.