Sec. 3. The articles of reorganization shall be presented to the department, accompanied by a certified copy of the resolution of the board of directors adopting and approving the same, signed by the president and secretary of the company. The department may approve or disapprove the articles of reorganization, in the same manner as provided in IC 27-1-6-8. In the event the department approves the articles of reorganization as provided, it shall then submit them to the attorney general for the state of Indiana, who shall examine such articles and endorse his approval thereon and return them to the department in the same manner as provided in IC 27-1-6-9. When the articles of reorganization have been approved by the attorney general and returned to the department, the department shall present them to the secretary of state for the state of Indiana, who shall endorse his approval thereon in the same manner as provided in IC 27-1-6-10 and file one (1) copy in his office and return the other two (2) copies to the company or its representatives.
Formerly: Acts 1935, c.162, s.242. As amended by P.L.252-1985, SEC.83.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 19. Reorganization of Foreign Companies Into Domestic Companies
27-1-19-1. Authority to Reorganize as Domestic Company
27-1-19-2. Articles of Reorganization; Adoption by Directors; Contents
27-1-19-3. Articles of Reorganization; Presentation and Approval
27-1-19-4. Certificate of Authority
27-1-19-5. Continuation of Existing Obligations
27-1-19-6. Vesting of Assets in New Corporation; Name; Treatment of Real Estate
27-1-19-7. Reports; Regulation and Supervision; Location of Principal Office