Ind. Code § 27-1-9-2.5
Definitions relating to merger
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Ind. Code § 27-1-9-2.5, Definitions relating to merger, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661599
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Sec. 2.5.
(a) As used in section 3 of this chapter, "participating shares" means shares that entitle the shareholders to participate without limitation in distributions.
(b) As used in section 3 of this chapter, "voting members" means members or policyholders entitled to vote unconditionally in the election of directors.
(c) As used in section 3 of this chapter, "voting shares" means shares that entitle the shareholders to vote unconditionally in the election of directors.