27-14-1-21. "Member's interest"

IN Code § 27-14-1-21 (2019) (N/A)
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Sec. 21. "Member's interest" means:

(1) the voting rights of a member provided by law and by the MIC's or MIHC's articles of incorporation and bylaws; and

(2) the right to receive cash, stock, or other consideration in the event of a conversion to a stock company under IC 27-1 through IC 27-13 or a dissolution under IC 27-1-10, as provided by those laws and by the MIC's or MIHC's articles of incorporation or bylaws.

As added by P.L.5-2000, SEC.4.