Ind. Code ch. 27-15-9

Ind. Code ch. 27-15-9
in effect

Ind. Code § 27-15-9-1 Value, amount, or proportion of consideration received

Sec. 1. The method or formula for allocating consideration among the eligible members shall provide for each eligible member to receive: (1) a fixed value, amount, or proportion of consideration; (2) a variable value, amount, or proportion of consideration; or (3) a combination of fixed and variable values, amounts, or proportions of consideration. As added by P.L.94-1999, SEC.3.

Ind. Code § 27-15-9-2 Applicable actuarial principles

Sec. 2. Any method used or formula developed for the fair and equitable allocation of stock among eligible members under this article must utilize generally accepted actuarial principles. 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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