Indiana Code 27-15-2-1. Commencement of demutualization
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Sec. 1. The board of directors of the converting mutual shall commence the demutualization process by adopting a resolution that proposes:
(2) a plan of conversion.
(1) the amendment of its articles of incorporation under IC 27-1-8-2; and
Terms Used In Indiana Code 27-15-2-1
- 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.
As added by P.L.94-1999, SEC.3.