Sec. 21. "Member's interest" means:
(1) the voting rights of a member provided by law and by the MIC's or MIHC's articles of incorporation and bylaws; and
(2) the right to receive cash, stock, or other consideration in the event of a conversion to a stock company under IC 27-1 through IC 27-13 or a dissolution under IC 27-1-10, as provided by those laws and by the MIC's or MIHC's articles of incorporation or bylaws.
As added by P.L.5-2000, SEC.4.
Structure Indiana Code
Article 14. Mutual Insurance Holding Company Law
Chapter 1. General Provisions and Definitions
27-14-1-1.1. Intent of Article; Alternative Organizational Structure
27-14-1-2. "Members' Surplus Protection Principle"
27-14-1-3. Applicability of Definitions
27-14-1-4. "Acting in Concert"
27-14-1-12. "Disinterested Director"
27-14-1-15. "Employee Benefit Plan"
27-14-1-16. "Financial Services Businesses"
27-14-1-17. "Immediate Family"
27-14-1-18. "Internal Revenue Code"
27-14-1-19. "Material Ownership Interest"
27-14-1-21. "Member's Interest"
27-14-1-24. "Mutual Insurance Company" or "Mic"
27-14-1-25. "Mutual Insurance Holding Company" or "Mihc"
27-14-1-27. "Ordinary Course of the Insurance Business"
27-14-1-28. "Outside Director"
27-14-1-29. "Participating Policy"
27-14-1-32. "Plan of Reorganization"
27-14-1-33. "Plan to Issue Stock"
27-14-1-35. "Reorganized Insurer"