Indiana Code 27-5.1-2-13. Articles of incorporation; amendment
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Sec. 13. (a) Unless a farm mutual insurance company’s articles of incorporation specify otherwise, the articles of incorporation of a farm mutual insurance company may be amended by an affirmative vote of two-thirds (2/3) of the farm mutual insurance company’s policyholders who are voting in person or by proxy at any policyholder meeting if the policyholders are given at least thirty (30) days notice of:
(2) the subject matter of the proposed amendments.
(1) the meeting; and
Terms Used In Indiana Code 27-5.1-2-13
- 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.
(b) After a farm mutual insurance company has adopted an amendment to the farm mutual insurance company’s articles of incorporation, three (3) copies of the amendment must be filed with the commissioner.
(c) The commissioner shall determine whether to approve an amendment specified under subsection (b) and, if the amendment is approved, shall return a copy of the filed amendment and a certificate of approval to the farm mutual insurance company.
As added by P.L.129-2003, SEC.8.