Authority to reorganize; reorganization of mutual company as stock company unauthorized

Ind. Code § 27-1-11-1
in effect
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Sec. 1. Any stock company or mutual company organized before March 8, 1935, under any of the laws of this state may reorganize under the provisions of this article and thereafter avail itself of the rights, privileges, immunities, and franchises provided by this article by complying with the provisions of this chapter. Nothing in this chapter shall be construed or interpreted as permitting or authorizing the reorganization of a mutual company as a stock company. Formerly: Acts 1935, c.162, s.139. As amended by P.L.252-1985, SEC.53.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026
Ind. Code § 27-1-11-1 — Authority to reorganize; reorganization of mutual company as stock company unauthorized | Indiana Code (Aug. 2026 snapshot) | Corpus