Forms of consideration

Ind. Code § 27-15-8-1
in effect
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Sec. 1. The consideration to be distributed to the eligible members shall be: (1) cash; (2) stock or other securities of the former mutual or of the parent company; (3) additional paid up insurance or annuity benefits; (4) any combination of the forms of consideration listed in this section; or (5) other forms of consideration described in the plan of conversion and approved by the commissioner. As added by P.L.94-1999, SEC.3.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026

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