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Indiana Code Title 27. Insurance § 27-14.5-2-7

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 7. A plan of reorganization that is adopted by the board of directors of the applicant may be amended or terminated by a vote of not less than two-thirds ( 2/3 ) of the members of the board of directors of the applicant:

(1) in response to the comments or recommendations of the commissioner, or any other state or federal agency or entity, before any solicitation of proxies from the members to vote on the plan of reorganization;

(2) at any time before the members vote on the plan of reorganization;  or

(3) otherwise, at any time, with the consent of the commissioner.

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Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-14.5-2-7 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-14-5-2-7/

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