Sec. 6. Notwithstanding IC 27-1-7-9, a member may vote by proxy only if:

(1) the proxy was solicited and obtained from the member for the express purpose of voting on the plan of conversion and the amendment to the articles of incorporation; and

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Terms Used In Indiana Code 27-15-5-6

  • 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.
(2) the proxy solicitation materials were provided to and approved by the commissioner before they were mailed or provided to the member.

As added by P.L.94-1999, SEC.3.