Value, Amount, or Proportion of Consideration Received

  1. Law
  2. Indiana Code
  3. Insurance
  4. Demutualization of Mutual Insurance Companies
  5. Formula for Allocation of Consideration Among Members
  6. Value, Amount, or Proportion of Consideration Received

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Sec. 1. The method or formula for allocating consideration among the eligible members shall provide for each eligible member to receive:

(1) a fixed value, amount, or proportion of consideration;

(2) a variable value, amount, or proportion of consideration; or

(3) a combination of fixed and variable values, amounts, or proportions of consideration.

As added by P.L.94-1999, SEC.3.


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