Limit on Aggregate Number of Shares Owned by Employee Benefit Plan

  1. Law
  2. Indiana Code
  3. Insurance
  4. Mutual Insurance Holding Company Law
  5. Restrictions on Capital and Other Stock
  6. Limit on Aggregate Number of Shares Owned by Employee Benefit Plan

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Sec. 5. The aggregate number of shares of stock that may be purchased or held by an employee benefit plan may not exceed ten percent (10%) of the total number of outstanding shares of a reorganized insurer or any stock holding company.

As added by P.L.5-2000, SEC.4.


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