Indiana Code > Title 27 > Article 15 > Chapter 8 – Distribution of Consideration to Members
Current as of: 2023 | Check for updates
|
Other versions
| § 27-15-8-1 | Forms of consideration |
| § 27-15-8-2 | Factors in determination of forms and amount |
| § 27-15-8-3 | Delay in distribution; time limitation |
| § 27-15-8-4 | Distribution of initial stock |
Terms Used In Indiana Code > Title 27 > Article 15 > Chapter 8 - Distribution of Consideration to Members
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.