When plan of reorganization or plan to issue stock is effective
Ind. Code § 27-14.5-4-12
in effectSec. 12. (a) A plan of reorganization is effective when:
(1) the commissioner has issued the permit for completion of organization of the mutual insurance holding company; and
(2) the certificate of authority for the reorganized insurer has been:
(A) issued by the commissioner under this chapter; and
(B) recorded in the office of the county recorder of the county in which the principal office of the reorganized insurer is located.
(b) A plan to issue stock is effective on the date on which the stock is issued in compliance with this article.
As added by P.L.226-2023, SEC.30.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026