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U.S. State Codes
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Indiana
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Title 27. Insurance
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Article 14. Mutual Insuranc...
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Chapter 5. Restrictions on Capital and Other Stock
Chapter 5. Restrictions on Capital and Other Stock
27-14-5-1. MIHC to retain majority of voting stock
27-14-5-2. Limits on aggregate number of shares owned by directors and officers
27-14-5-3. Limit on aggregate number of shares owned by single director or officer
27-14-5-4. Fees or commissions for issuance of stock prohibited
27-14-5-5. Limit on aggregate number of shares owned by employee benefit plan
27-14-5-6. Only publicly traded stock to be issued to directors or officers
27-14-5-7. Stock option or sale of stock below fair market value as compensation of officer or director prohibited
27-14-5-8. Stock purchase options for directors or officers prohibited until six months after public trading begins
27-14-5-9. Factors in determining compliance with ownership restrictions