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27-1-11-2. Articles; approval by directors

IN Code § 27-1-11-2 (2019) (N/A)
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Sec. 2. The board of directors of such company desiring to reorganize under this article shall, by resolution adopted by a majority vote of the members of such board, approve the articles of reorganization setting forth:

(1) the name of the corporation;

(2) the location of its principal office;

(3) the date of its incorporation or organization;

(4) a designation of the statute under which it was organized;

(5) a declaration that it accepts all of the terms and provisions of this article; and

(6) a restatement of such provisions of its articles of incorporation or association as may be deemed desirable so long as the provisions restated would have been authorized by this article as provisions of original articles of incorporation for a corporation organized under this article.

Formerly: Acts 1935, c.162, s.140. As amended by P.L.252-1985, SEC.54.

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27-1-11-1. Authority to reorganize; reorganization of mutual company as stock company unauthorized
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27-1-11-3. Articles; submission to shareholders, members, or policyholders; vote required; eligibility to vote