Sec. 4. (a) Upon the approval and adoption thereof, the articles of reorganization shall be filed in triplicate originals, in the form prescribed by the department, by the president or a vice president and the secretary or an assistant secretary of the corporation, and acknowledged and sworn to before a notary public by the officer signing the same and shall be presented in triplicate to the department at its office.
(b) The department is hereby authorized, in its discretion, to approve or disapprove the articles of reorganization, and if the department shall approve the articles of reorganization it shall endorse its approval thereon as required in IC 27-1-6-8 and present the same to the secretary of state for the state of Indiana for his approval.
Formerly: Acts 1935, c.162, s.142. As amended by P.L.252-1985, SEC.56.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 11. Reorganization of Existing Insurance Companies
27-1-11-1. Authority to Reorganize; Reorganization of Mutual Company as Stock Company Unauthorized
27-1-11-2. Articles; Approval by Directors
27-1-11-4. Articles; Execution; Approval or Disapproval by Department
27-1-11-5. Articles; Presentation to Secretary of State; Duties of Secretary of State