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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 2. Any domestic stock insurance company (referred to in this chapter as the “domestic company”) may adopt a plan of exchange providing for the exchange by its shareholders of their stock in the domestic company for:
(i) shares of stock issued by any other stock insurance corporation organized or reorganized under the provisions of IC 27-1 or any statute enacted prior to March 8, 1935, or any stock corporation organized under the provisions of IC 23-1 or any foreign stock corporation (such other corporation is referred to in this chapter as the “acquiring corporation”);
(ii) other securities issued by the acquiring corporation;
(iii) cash;
(iv) other consideration; or
(v) any combination of such stock, such other securities, cash, or other consideration.
Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-3-1-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-3-1-2/
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