Section 27-15-1-7 - "Eligible member""Eligible member" means a person who:
(1) is a member of the converting mutual on the date the converting mutual's board of directors adopts a resolution proposing a plan of conversion and an amendment to the articles of incorporation; and(2) continues to be a member of the converting mutual on the effective date of the conversion.As added by P.L. 94-1999, SEC.3.