Ind. Code § 27-15-8-1

Current through P.L. 171-2024
Section 27-15-8-1 - Forms of consideration

The consideration to be distributed to the eligible members shall be:

(1) cash;
(2) stock or other securities of the former mutual or of the parent company;
(3) additional paid up insurance or annuity benefits;
(4) any combination of the forms of consideration listed in this section; or
(5) other forms of consideration described in the plan of conversion and approved by the commissioner.

IC 27-15-8-1

As added by P.L. 94-1999, SEC.3.