Indiana Code 27-15-1-7. “Eligible member”
Current as of: 2024 | Check for updates
|
Other versions
Sec. 7. “Eligible member” means a person who:
(2) continues to be a member of the converting mutual on the effective date of the conversion.
(1) is a member of the converting mutual on the date the converting mutual’s board of directors adopts a resolution proposing a plan of conversion and an amendment to the articles of incorporation; and
Terms Used In Indiana Code 27-15-1-7
- 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.